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            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 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
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