Kibo Energy PLC MAST Operational Update
06 May 2021 - 8:15PM
RNS Non-Regulatory
TIDMKIBO
Kibo Energy PLC
06 May 2021
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
Dated: 06 May 2021
MAST Energy Developments PLC: Operational Update
Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset,
Africa & UK focused energy company notes an RNS by MAST Energy
Developments PLC ('MAST') issued today and that can be viewed at
the following link:
https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/rg4317r
MAST Energy Developments PLC is a reserve/peaking power company
in which Kibo holds a 55% interest.
**ENDS**
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo .energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated
Adviser
------------------ ------------------- -----------------------------
Claire Noyce +44 (0) 20 3764 Hybridan LLP Broker
2341
------------------ ------------------- -----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
/ Stephen Allen
------------------ ------------------- -----------------------------
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media Relations
/ Charlotte Hollinshead 1177 Ltd Adviser
------------------ ------------------- -----------------------------
Notes
Kibo Energy PLC is a multi-asset, Africa focused, energy company
positioned to address the acute power deficit, which is one of the
primary impediments to economic development in Sub-Saharan Africa.
To this end, it is the Company's objective to become a leading
independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled
power projects: the Mbeya Coal to Power Project ('MCPP') in
Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in
Botswana; and the Benga Independent Power Project ('BIPP') in
Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human
capital, execution capability / capacity and project finance.
Johannesburg
06 May 2021
Corporate and Designated Adviser
River Group
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END
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