LONDON, UK: Kibo Energy, the renewable energy-focused development company, announced that pursuant to the company’s declared strategy to divest of all its coal assets, Kibo has entered into a definitive share sale agreement with Shumba Energy (Pty) Ltd for the sale of the company’s remaining 35% equity holding in Kibo Energy Botswana in which Kibo…
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Kibo Energy signs deal to acquire Brownhill International Limited
LONDON, UK: Kibo Energy (AIM: KIBO) has signed a Share Purchase Agreement (SPA) to acquire the Victoria Falls Solar Park project in Zimbabwe from Broomfield International Limited. Kibo Energy will acquire 100% of the issued share capital of Brownhill International Limited and shareholder loan claims against Brownhill, which holds the Project through its wholly owned…
Kibo Energy’s Sloane Development acquires 9 MW flexible power project
LONDON: Kibo Energy’s UK subsidiary Sloane Developments Ltd. has agreed the Heads of Terms for a Share Purchase Agreement to acquire a 9MW flexible gas power project for £1.7 million. The acquisition is in line with the Company’s strategy to acquire and develop a portfolio of small-scale flexible power generation assets that will help balance…
Kibo Energy to supply 200MW to Tete Steel and Vanadium Project
LONDON: Kibo Energy PLC, Africa focused energy company, has signed a binding term sheet with Baobab Resources Ltd to supply 200 MW energy to its Tete Steel and Vanadium Project (TSV Project) in Mozambique. Louis Coetzee, CEO of Kibo, said: “We are delighted to have secured this strategically important agreement with Baobab. The TSV Project…
Kibo Energy inks power purchase & coal supply term sheets with Vale Mozambique
DUBLIN: Kibo Energy PLC, the multi-asset Africa focused energy company, has signed a non-binding Power Purchase Term Sheet (PPTS) and a non-binding Coal Supply Term Sheet (CSTS) with Vale Mozambique, S.A. for the Benga Power Plant Project in Mozambique. Louis Coetzee, CEO of Kibo Energy, commented, “Finalisation of both a PPTS and a CSTS in…