Name of the Project
Benga power plant project (BPPP).
Location
In the Tete region of Mozambique.
Project Owner/s
Multi-asset, Africa-focused energy company Kibo Energy has a 65% interest, with the option to go to 85%. Termoeléctrica is Kibo’s strategic partner.
Project Description
The BPPP is Kibo’s first pure energy project and the plan is to initially develop a 150 MW coal-fired power station, with coal feedstock produced by local producers.
Potential Job Creation
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
Kibo Energy and its local joint venture (JV) partners have agreed on the next steps towards the ultimate finalisation of a power purchase agreement (PPA) at the company’s BPPP, following a discussion with Mozambique energy utility Electricidade de Moçambique (EDM).
During the meeting, the final optimised definitive feasibility study, inclusive of the updated grid integration study and a summary of an updated draft financial model, was presented and discussed as the fundamentals that will guide and focus the further course of the PPA process.
This will ensure that a final result is obtained at the earliest opportunity possible, a statement by Kibo confirmed on April 12.
The discussions during the workshop, besides others, also included an agreement reached between the parties to integrate specific EDM inputs into the financial model and the immediate initiation of a formal engineering, procurement and construction process towards finalising an advanced financial model that reflects firm numbers on key commercial parameters.
Kibo CEO Louis Coetzee has said that the workshop also afforded the company the opportunity to formally submit an optimised version of the feasibility study and related work progress reports, which also incorporates the Baobab Tete steel and vanadium project in the enhanced business case for the BPPP.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Kibo Energy, tel +353 91 511463 or email info@kibo.energy.