Kibo, GE expand their collaboration on energy projects

29th August 2018

By: Creamer Media Reporter

     

Font size: - +

Aim- and AltX-listed Kibo Energy has entered into an expanded collaboration agreement with US-based General Electric (GE).

Under the terms of the agreement, GE will work with Kibo to develop its portfolio of energy projects in Tanzania, Botswana and Mozambique, as well as enhance its strategy of delivering energy solutions to alleviate the continent's energy shortage.

GE is expected to provide full technical support for present and future power projects and it will be the preferred technology partner and supplier to Kibo.

It will also collaborate with Kibo to actively develop, create and facilitate new project opportunities, as well as support and work with Kibo on funding opportunities for Kibo's various projects.

Further, it will support and assist Kibo with technical and commercial advice in its efforts to secure appropriate power purchase agreements for the projects; work with the engineering, procurement and construction contractor to optimise the design of the projects; and provide social advocacy for Kibo's projects with all stakeholders in the various jurisdictions.

"The expansion of our agreement with GE is testament to both the quality of our projects and the strategy we are implementing in Africa to alleviate the acute energy deficit being experienced by many countries on the continent.

"We have three active projects, which all present opportunities to leverage this agreement and optimise their delivery. We look forward to continued cooperation and delivering on our current and any potential future energy projects in tandem with GE and our other international partners for the benefit of all stakeholders," Kibo CEO Louis Coetzee commented on Wednesday.

Kibo is developing the Mbeya coal-to-power project, in Tanzania; the Mabesekwa independent coal-to-power project, in Botswana; and the Benga independent power project, in Mozambique.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION