We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kibo Energy Plc | AQSE:KIBO.GB | Aquis Stock Exchange | Ordinary Share | IE00B97C0C31 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0125 | 0.01 | 0.015 | 0.0125 | 0.0125 | 0.0125 | 0.00 | 06:57:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKIBO
RNS Number : 6478E
Kibo Energy PLC
03 July 2023
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')
Dated: 03 July 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Operational Update: Q2 2023
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, is pleased to provide an operational update as it enters the second half of 2023. This follows its update as provided in a Company RNS dated 6 April 2023.
Portfolio
The Kibo Group strategy, as previously announced in a Company RNS dated 19 April 2021, is focused on developing, owning and operating sustainable energy solutions that can immediately and progressively address the acute energy challenges in sub-Saharan Africa, the United Kingdom and Ireland.
The table below indicates the status of Kibo's project portfolio at present. Timelines beyond Q3 2023 remain as advised on 6 April 2023 and the Company will advise should these change in light of the below. This does not include opportunities that are currently the subject of advanced due diligence and commercial consideration.
Kibo Group Project Portfolio ---------------------------------------------------------------------------------------------------------------------- Entity Kibo Strategic Projects Development Current Status Equity Domain Status -------------- -------- ----------- --------------------- --------------------- --------------------------------- MAST Energy 57.86% Reserve Pyebridge Operational CM T-1 contract Developments Power (9 MW) and generating scheduled to begin (UK) revenue on 1 October 2023 (see MED Results for the year ended 31 December 2022 as per the MED RNS dated 28 April 2023) -------------- -------- ----------- --------------------- --------------------- --------------------------------- Bordesley Advanced In construction (5 MW) project development and commissioned by Q4 2023 (see MED Results for the year ended 31 December 2022 as per the MED RNS dated 28 April 2023) -------------- -------- ----------- --------------------- --------------------- --------------------------------- Rochdale (4.4 Advanced Planning consent MW) project development granted in Q2 2023 (see MED Results for the year ended 31 December 2022 as per the MED RNS dated 28 April 2023) --------------------- --------------------- --------------------------------- Hindlip Lane Concept stage EPC and O&M contracts (7.5 MW) under review, further updates to follow (see MED Results for the year ended 31 December 2022 as per the MED RNS dated 28 April 2023) --------------------- --------------------- --------------------------------- Stather Road Concept stage EPC and O&M contracts (2.5 MW) under review, further updates to follow (see MED Results for the year ended 31 December 2022 as per the MED RNS dated 28 April 2023) -------------- -------- ----------- --------------------- --------------------- --------------------------------- Sustineri 65% Waste CHP project Phase 1 (2.7 Advanced - Laboratory (SA) to Energy to supply MW + study project tests received base-load on synthetic development and confirm electricity oil production) stage - oil quality generation financial standards in South Africa close ready of offtaker with 4 revenue - Supplier's streams: sustainability electricity, standards gate fees assessments and potentially are currently from heat underway and steam - Integration output as study is well as the being undertaken production to align of synthetic test results oil with feedstock characteristics in preparation for financial close - Integrated Environmental Authorisation (EA) has been granted -------------- -------- ----------- --------------------- --------------------- ------------- ------------------
Phase 2 (targeted Pre-concept Milestones 20 MW) stage TBD once Phase 1 has been executed -------------- -------- ----------- --------------------- --------------------- ------------- ------------------ National 51% Long Simultaneous Status remains unchanged Broadband Duration 12.3 MW in concept and from last update. Solutions Energy development commercial (SA) Storage development -------------- -------- ----------- --------------------- --------------------- --------------------------------- 36.32 MW target Under assessment for development -------------- -------- ----------- --------------------- --------------------- ------------- ------------------ Mbeya Power 100% Biofuel 300 MW short-term Original TANESCO due diligence Project conversion project. on Kibo as part ('MPP') to renewable of the MOU programme (TZ) energy biofuel Fully permitted currently underway. with Bankable Feasibility Study completed -------------- -------- ----------- --------------------- --------------------- --------------------------------- UK Portfolio 100% Waste Southport Funding constraints, Status remains unchanged to Energy (10 MW, 2 notably as from last update. MW long-duration the results energy storage of delays and caused by 5.5m m(3) shareholders bio-methane) not being able to cast their votes, resulted in no, other than in-house project planning, work being performed -------------- -------- ----------- --------------------- --------------------- ---------------------------------
All funding activities, including the Company's proposed AIM-listed vehicle Ultimate Sustainable Energy ('USE'), were placed on hold due to delays as a result of EGM difficulties where shareholders were unable to cast their votes, which was partially resolved at the most recent EGM (see RNS dated 16 March 2023).
Louis Coetzee, CEO of Kibo Energy, says: "We are pleased with the overall progress during the last quarter, and we look forward to updating the market during the course of Q3 on a number of exciting initiatives currently underway on both operational as well as corporate level".
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer James Biddle +44 207 628 3396 Beaumont Cornish Nominated Adviser Roland Cornish Limited ------------------------------ ----------------------- ---------------------- Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker ------------------------------ ----------------------- ---------------------- Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker LLP ------------------------------ ----------------------- ---------------------- Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media van Rijmenant Relations Consultant ------------------------------ ----------------------- ----------------------
Johannesburg
3 July 2023
Corporate and Designated Adviser
River Group
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDSSASUEEDSEDW
(END) Dow Jones Newswires
July 03, 2023 02:00 ET (06:00 GMT)
1 Year Kibo Energy Chart |
1 Month Kibo Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions