23:30 Tue 26 May 2020
Kibo Energy PLC - Mast Energy Developments & Bordersley Update
(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: 26 May 2020
Mast Energy Developments & Bordersley Update
Overview
* Further to the most recent update regarding Bordersley and MED as per the RNS announcement dated
* AB is managing the end-to-end Engineering, Procurement, and Construction ('EPC') scope of works ('SoW') for Bordersley, which includes providing exclusive access to AB construction and engineering capacity and capability as well as cogeneration plant and equipment (refer to RNS dated 30 October 2019);
* The completion of the EPC Scope of Works ('SoW'), which was temporarily delayed due to the COVID-19 outbreak, has been resumed as a priority matter and MED and AB continue to progress activity;
* MED's discussions with regards to securing substantial financing is ongoing, which could enable it to embark on a portfolio development strategy and implementation, which will see the simultaneous development of more than 20 sites from its prospective "shovel ready" portfolio of sustainable power generation assets in the
* MED is also in active discussions with suppliers of "shovel ready" sites in aggregate of 300Mw in order to bolster its projects portfolio pipeline.
**ENDS**
For further information please visit www.kibo.energy or contact:
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info@kibo.energy |
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Chief Executive Officer |
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+27 (0) 83 4408365 |
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Corporate and Designated Adviser on JSE |
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+44 (0) 20 7392 1494 |
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Joint Broker |
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+44 20 3440 6800 |
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NOMAD on AIM |
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+44 (0) 20 7236 1177 |
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Investor and Media Relations Adviser |
Notes
Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to
Additionally, the Company has a 60% interest in
Corporate and Designated Adviser
River Group
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