Kibo Energy PLC (LON:KIBO) Update on MCPP in Tanzania

Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset, Africa focused, energy company, has today resubmitted the tender qualification document to the Tanzania Electricity Supply Company (“TANESCO”) with regards to the Mbeya Coal to Power Project (“MCPP”). (NOTE: Also see RNS dated 07 November 2018)

Louis Coetzee, CEO of Kibo, said, “Given that much of the information within this 535-page document had already been generated, we just needed to ensure that its collation complied with TANESCO’s revised November 2018 requirements.

With this now complete and having recently been recommended for grant of a Special Mining Licence from the Mining Commission of Tanzania, we remain hopeful that 2019 will see the swift advancement of the MCPP in tandem with our two other utility scale projects in Botswana and Mozambique.”


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