Kibo Energy is listed on the AIM market in London and the AltX in Johannesburg. The Company is focused on the development of thermal coal power projects in Tanzania, Botswana and Mozambique. These jurisdictions provide a stable operating environment for Kibo and all share an acute need for consistent power.
Kibo’s flagship project is the Mbeya Coal to Power Project in southern Tanzania which involves the development of the Mbeya Coal Mine, a 1.5Mt p/a mining operation and the Mbeya Power Plant, a 300 MW mine-mouth thermal power station.
In April 2018, the Company completed its acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (Mabesekwa Project) in Botswana via an all share transaction. The Mabesekwa project is at the feasibility stage – a completed Mining Scoping Study study highlighted a 30-year Life of Mine with a Power Pre – Feasibility Study indicating maximum power capacity of 600MW based on a coal delivery rate of 3.2Mt p/a.
Kibo announced in June 2018 that it had signed a Joint Venture Agreement with Mozambique energy company Termoeléctrica de Benga S.A. to participate in the further assessment and potential development of the Benga Independent Power Project (Benga Project) including the right to construct and operate a 150-300MW coal-fired power station. The Benga Project currently holds a suite of authorisations and agreements in addition to lease title over land on which a coal-fired power station may be built near various thermal coal producers which could be a source of feedstock.