Kibo to focus on technical works, PPAs for its projects during 2019
With 580-million Africans still reliant on inefficient, unreliable and expensive energy sources, if any, Aim- and JSE-listed Kibo Energy will, this year, remain focused on the market opportunity this represents.
This year will see Kibo fast-track the remaining technical work to complete an integrated bankable feasibility study for its Mabesekwa coal independent power project, in Botswana, for which water, land and environmental permits, a prefeasibility study, and an application for a mining licence were finalized in 2018.
Kibo CEO Louis Coetzee stated in a release on Monday that promising commercial opportunities were presented to the company during December, around the Mabesekwa project, which the company would pursue.
Meanwhile, a full feasibility study is progressing for the 150 MW to 300 MW Benga independent power project, in Mozambique, while power purchase agreement (PPA) discussions with prospective offtakers continue to advance and are being prioritised for the first quarter of the year.
Additionally, after the PPA for the Mbeya coal-to-power project with the Tanzanian Electric Supply Company had been delayed late last year, Kibo hoped to agree on a PPA this year, which should lead to the commissioning of a 300 MW mouth-of-mine thermal power station.
Late in 2018, Kibo also acquired a 60% interest in MAST Energy Development (MED) – a private UK-registered company targeting the development and operation of flexible power plants to service the reserve power generation market.
Before year-end, MED had secured an exclusive option to acquire three peaking power sites totalling 31.3 MW, which have the potential to lead to revenue generation for Kibo in the latter part of this year.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
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
