Kibo Energy #KIBO – Shareholder Q&A Document
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to release this Q&A to publicly answer questions it has received from shareholders over recent months. Can you provide an overview of Kibo’s strategy? The rationale behind Kibo’s strategy is that 620 million people in Sub-Saharan Africa currently rely on firewood, kerosene […]
Kibo Energy #KIBO – MAST Energy Developments agreement with Balance Power Projects to build pipeline of reserve power plant sites
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. Overview · Agreement with Balance Power Projects Development Ltd […]
Kibo Energy #KIBO – Good progress towards de-risking Bordersley, which remains on target for commercial commissioning end Q1 2020
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce a further update with regards to its wholly owned subsidiary, Bordersley Power Ltd (‘Bordersley’), which is developing a 5 MW gas-fuelled power generation plant in the UK in cooperation with the Company’s 60% owned subsidiary, and manager and operator of Bordersley, MAST […]
Kibo Energy #KIBO – Update re Reorganisation of Botswana Interests
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update regarding its agreement with Shumba Energy Ltd (‘Shumba’) that significantly repositions its interests in Botswana, namely the Mabesekwa Coal Independent Power Project (“MCIPP”) and associated coal asset (see announcement dated 25 September 2019). Overview · Signed first of a series of […]
Kibo Energy #KIBO – MED Signs Comprehensive Joint Development Agreement for Flexible Power Portfolio
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. Highlights Comprehensive Joint Development Agreement (‘JDA’ or ‘the […]
Podcast – Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO)
Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO). Louis discusses yesterday’s £1.5m fundraising, and explains how the funds will be used to further Kibo’s energy projects in Africa, and also the likely timelines for first revenues from the projects. Louis talks about the strong, cross board participation in the fundraising, […]
Kibo Energy #KIBO – Placing to Raise a minimum £ 1.5 Million
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it will be seeking to raise a minimum of GBP1,500,000 (the ‘Placing’), of which GBP1,000,000 (the ‘Underwritten Placing’) is fully underwritten by TS Capital Limited (‘Underwriter’) on behalf of TS Capital Clients, at a price of 0.45 pence per share. The […]
Kibo Energy #KIBO – Seven Mining Rights Granted for Mbeya Coal to Power Project
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it has been granted seven Mining Rights for its Mbeya Coal to Power Project (‘MCPP’) in Tanzania, further to the announcement dated 9 July 2019. The Company continues to advance the MCPP in Tanzania, one of its four international power projects, which the board believes represents […]