16 Aug - 2 min read
MED acquires 3rd Synchronous Gas-powered Standby Generation Facility
MED acquires 3rd Synchronous Gas-powered Standby Generation Facility 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: 16 August 2021 Kibo Energy PLC (‘Kibo’ or the ‘Company’) MED acquires 3rd 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 third 4.4MW Gas-powered Standby Generation Facility. To access the full announcement please follow the link below: https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/w043pzx **ENDS** For further information please visit www.kibo.energy or contact: Louis Coetzee email@example.com 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 / firstname.lastname@example.org St Brides Partners Ltd Investor and Media Relations Adviser Charlotte Hollinshead 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 16 August 2021 Corporate and Designated Adviser River Group Date: 16-08-2021 08:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.