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Kibo progresses Benga power plant development

5th April 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

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Kibo Energy has noted progress with the development of its Benga power plant project, in Mozambique.

A definitive feasibility study (DFS) has been completed ahead of schedule and the final review is in progress.

The negotiation of coal purchase agreements with coal producers are at an advanced stage, with a fully developed term sheet with one producer currently under review.

A meeting is planned for early April with power utility Electricidade de Moçambique to present the final DFS and further engage on power purchase agreement (PPA) negotiations, building on the existing memorandum of understanding, which was recently renewed and expanded.

PPA discussions with potential private offtakers were also at an advanced stage, Kibo reported last week.

Moreover, the assessment of the integration of renewable technologies at the project is being conducted.

Kibo is investigating the practical integration of renewable energy and associated technologies within the future Benga power station. It is considering the potential use of solar energy, combined with energy storage solutions, as an integrated solution for power backup.

The Benga project entails the proposed construction and operation of a 150 MW to 300 MW coal-fired power station with feedstock provided by regional coal producers.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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