Kibo, Termoeléctrica finalise Benga JV in Mozambique
Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique.
This agreement includes the right to build and operate a 150 MW to 300 MW coal-fired power station and is synergistic with Kibo’s other two projects – the Mbeya coal-to-power project, in Tanzania, and the Mabesekwa coal independent power project, in Botswana.
With the JV finalised, a full feasibility study, which includes a prefeasibility study, a definitive feasibility study and an environmental-impact assessment, on Benga is now under way to confirm the project’s commercial and operational viability.
Kibo and Termoeléctrica will hold initial participation interests in the unincorporated JV of 65% and 35% respectively.
Further, formal discussions have started around a power purchase agreement between Kibo and prospective offtakers of the Benga project.
“With letters of comfort for 150 MW from multiple power supply offtakers in place and thermal coal producers stating terms and conditions to supply the plant with necessary coal, we are in a strong position to expedite the development of the Benga project,” says Kibo CEO Louis Coetzee.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation