Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK. This diversified asset portfolio provides numerous value generative opportunities for investors.
The focus of effort is to advance certain well-developed assets to early production as a high priority, to be followed by longer-term development assets. Fossil fuel reliant energy assets will be enhanced with clean burning and renewable technology, with the intention to migrate all existing and new assets to more sustainable energy sources in the medium to long term.
In this regard, Kibo is developing two thermal power projects, the Mabesekwa Coal Independent Power Project (“Mabesekwa”) in Botswana and the Benga Independent Power Project (“Benga”) in Mozambique, in addition to developing the market for the advanced Mbeya Coal to Power Project in Tanzania (“Mbeya”). By progressing these projects in parallel, Kibo intends to leverage economies of scale and timing and utilise its existing stakeholder relationships – technical, financial and governmental – to efficiently expedite project development.
Additionally, Kibo holds a 60% interest in MAST Energy Developments Limited (“MED”), a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market.
The Company benefits from its robust and experienced international blue-chip partnership network across its project portfolio, which includes: SEPCO-III (China), General Electric (USA), Tractebel Engineering (Belgium), Minxcon Consulting (South Africa), ABSA Group Limited, and Hogan Lovells International LLP.
Please refer to the RNS news releases in the RNS/SENS RELEASES section of the website for further information on recent progress across Kibo’s portfolio.