Kibo Mining Plc – KIBO MBEYA COAL TO POWER PROJECT PPA UPDATE
Kibo Mining Plc (AIM:KIBO; AltX:KBO), the multi-asset, Africa-focused, energy and resource company, is pleased to announce that, having submitted a reformatted Integrated Bankable Feasibility Study (‘IBFS’), it has, in accordance with the agreed amended PPA-process, reached the final phase of discussions regarding the Power Purchase Agreement (‘PPA’) for the Mbeya Coal to Power Project (‘MCPP’) with the Tanzania Electric Supply Company (‘TANESCO’).