Kibo Energy Plc (AIM: KIBO; AltX: KBO), the multi-asset, Africa-focused, energy company, is pleased to announce that the recent application to secure water permits for the Mbeya Coal to Power Project has been provisionally approved by the Lake Rukwa Water Basin Board. Permanent water permits will be issued following completion of the construction and implementation of all necessary water infrastructure that will be required to meet the water needs of the Mbeya Power Plant and Mbeya Coal Mine.
The application was made to permit the operation of numerous water boreholes which are integral to the Mbeya Coal Mine’s dewatering plan and the provisional approval of these water permits is an integral part of the water supply strategy for the Mbeya Power Station
Separately the Company has also completed the process of additional submissions related to the local content plan and integrity pledge, announced in the RNS of 19 July 2018 and the Mining Commission is now in receipt of a Special Mining License Application for the Mbeya Coal mine that is fully compliant with the latest statutory requirements, as announced during July 2018.
Louis Coetzee, CEO of Kibo Energy, said: “Kibo is currently involved in a myriad of activities related to the finalization of the MCPP PPA and subsequent funding and financial close processes. We are very pleased with the progress over the past weeks and specifically encouraged by the latest media statements, indicating clear support for Independent Power Producers (‘IPP’) from the Ministry of Energy and also a distinct sense of urgency to get existing IPP’s like the MCPP implemented.”