Kibo Energy PLC is a multi-asset energy development company positioned to address acute power deficits in Sub-Saharan Africa and the UK. This diversified asset portfolio provides numerous value generative opportunities for investors.
The Strategic Aim is to consolidate Kibo as a significant regional broad-spectrum energy developer of sustainable power solutions, integrating Clean Fossil Fuel Technology, Renewable Generation Technology and Energy Storage Technology
Continued project development and delivery focused on accelerated integration with and ultimate transition from clean fossil fuel technology to renewable technology solutions whilst technology development to enable accelerated integration with and ultimate transition from clean fossil fuel technology to renewable technology solutions.
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 designs 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 Benga Independent Power Project (“Benga”) in Mozambique and the Mabesekwa Coal Independent Power Project (“Mabesekwa”) in Botswana, 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 55% interest in MAST Energy Developments Plc , a LSE listed (Standard List) company targeting the development and operation of flexible power plants to service the Reserve Power generation market in the UK and a 25.37% interest in in Katoro Gold Plc, an AIM listed company with a gold development project in South Africa and gold and battery metal projects in Tanzania.
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), Lesedi Generation Consultants (South Africa), 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.