Kibo Energy PLC MED acquires Third Standby Generation Facility
August 16 2021 - 2:25AM
RNS Non-Regulatory
TIDMKIBO
Kibo Energy PLC
16 August 2021
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
Dated: 16 August 2021
Kibo Energy PLC ('Kibo' or the 'Company')
MED acquires 3rd Synchronous Gas-powered Standby Generation
Facility
Kibo Energy PLC, the multi-asset energy development company,
notes that its 55% subsidiary, MAST Energy Developments PLC
("MAST"), today announced the acquisition of a third 4.4MW
Gas-powered Standby Generation Facility. To access the full
announcement please follow the link below:
https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/w043pzx
**ENDS**
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo .energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated
Adviser
---------------------------- ------------------- -----------------------------
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Broker
---------------------------- ------------------- -----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
/ Stephen Allen
---------------------------- ------------------- -----------------------------
Isabel de Salis info@stbridespartners.co.uk St Brides Partners Investor and Media Relations
/ Charlotte Hollinshead Ltd Adviser
---------------------------- ------------------- -----------------------------
Notes
Kibo Energy PLC is a multi-asset, Africa focused, energy company
positioned to address the acute power deficit, which is one of the
primary impediments to economic development in Sub-Saharan Africa.
To this end, it is the Company's objective to become a leading
independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled
power projects: the Mbeya Coal to Power Project ('MCPP') in
Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in
Botswana; and the Benga Independent Power Project ('BIPP') in
Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human
capital, execution capability / capacity and project finance.
Johannesburg
16 August 2021
Corporate and Designated Adviser
River Group
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END
NRAUNANRAUUWARR
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August 16, 2021 02:25 ET (06:25 GMT)
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