ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

KIBO Kibo Energy Plc

0.035
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kibo Energy Plc LSE:KIBO London Ordinary Share IE00B97C0C31 ORD EUR0.0001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.035 0.03 0.04 0.035 0.035 0.035 10,258 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 1.04M -9.78M -0.0026 -0.12 1.13M

Kibo Energy PLC MED acquires 9 MW Pyebridge Gas-powered Facility

12/08/2021 7:20am

RNS Non-Regulatory


TIDMKIBO

Kibo Energy PLC

12 August 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: 12 August 2021

Kibo Energy PLC ('Kibo' or the 'Company')

MED acquires 9 MW Pyebridge Synchronous Gas-powered Standby Generation Facility

Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC ("MAST") today announced the acquisition of a 9MW Gas-powered Standby Generation Facility. To access the full announcement please follow the following link: https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/xl1899r

MAST is a UK -based multi-asset operator in the rapidly growing Reserve Power market. MAST's most recent corporate transaction involves the completion of a Sale and Purchase Agreement ("SPA") to acquire Pyebridge Power Limited ("Pyebridge"), comprising an installed and commissioned synchronous gas-powered standby generation facility with 9 MW export capacity based in Derbyshire. The fully operational generation plant is located on a freehold site with established infrastructure, fully permitted and grid - connected with a Power Purchase Agreement, Communications and Capacity Market contract that collectively guarantees net income, projecting a c. 21% IRR over life of project.

**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 2341           Hybridan LLP         Broker 
                           ----------------------------  -------------------  ----------------------------- 
 Bhavesh Patel              +44 20 3440 6800              RFC Ambrian Ltd      NOMAD on AIM 
  / Stephen Allen 
                           ----------------------------  -------------------  ----------------------------- 
 Isabel de Salis            info@stbridespartners.co.uk   St Brides Partners   Investor and Media 
  / Charlotte Hollinshead                                  Ltd                  Relations 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

12 August 2021

Corporate and Designated Adviser

River Group

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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

NRASFSSMEEFSEFA

(END) Dow Jones Newswires

August 12, 2021 02:20 ET (06:20 GMT)

1 Year Kibo Energy Chart

1 Year Kibo Energy Chart

1 Month Kibo Energy Chart

1 Month Kibo Energy Chart

Your Recent History

Delayed Upgrade Clock