Kibo Energy is progressing an advanced portfolio of power generation and mining projects in Tanzania, Mozambique, Botswana and the United Kingdom Addressing the acute need for power in Sub-Saharan Africa - focused on becoming a leading regional energy player Established international relationships with key development partners

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A Clear Strategy for Value

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.

Mozambique’s current generating capacity is 2,827 MW, predominantly supplied by hydropower which is regularly impacted by severe droughts. Currently, only 30% of the population has access to electricity though most of the power is exported to neighbouring South Africa. Demand for power internally grows steadily between 6-8% per year and about 20% in the north where most of the mining operations are located. (source:

Peaceful and stable, the Botswanan Government has an emphasis on transparency and is working to establish the country as a centre for innovation and investment in Africa. Benefits of operating in Botswana include low taxes, no foreign exchange controls or restrictions on business as well as consistent government investment in core infrastructure.

Tanzania is politically stable with an established tax and regulatory regime for foreign investors as well as a simplified process for the handling of investment proposals. Established infrastructure and an abundant source of labour enable large projects to be successfully developed in Tanzania.

As the UK’s power generation becomes increasingly reliant on renewable sources, energy supply becomes more irregular. Consequently, balancing supply and demand is an increasingly challenging, yet vital component of the energy supply market and flexible energy generation is a key solution to this.

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