logo-loader
viewKibo Energy PLC

Kibo Energy secures water rights for Mbeya power project

Water rights ensure the project’s environmental impact assessment certification remains valid and gives the power station the right to use large quantities of water

Kibo Energy PLC -
Mbeya is located in southwest Tanzania

Kibo Energy PLC (LON:KIBO) has renewed the water rights for its planned Mbeya coal power (MCCP) project in Tanzania.

Water rights ensure the project’s environmental impact assessment (EIA) certification remains valid and gives the power station the right to use large quantities of water.

Earlier in the month, Kibo made the required statutory payments to the authorities for Mbeya’s coal mining rights, which were approved and granted last month. 

Kibo chief executive Louis Coetzee was very encouraged by the overall progress being made at MCCP. 

“The renewal of the water permits, so soon after the recent approval and processing of seven mining rights for the project, further confirms my confidence in its potential and I look forward to updating shareholders as we continue to successfully advance its development,” he said.

Quick facts: Kibo Energy PLC

Price: 0.422 GBX

LSE:KIBO
Market: LSE
Market Cap: £5.31 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kibo Energy PLC named herein, including the promotion by the Company of Kibo Energy PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Block Energy signs sales agreement for its West Rustavi gas

Headlines from the Proactive UK newsroom. Block Energy (LON:BLOE) has signed a sales agreement with one of the largest private gas suppliers and purchasers in Georgia. Bago will purchase gas produced from the West Rustavi field at a price of US$5.24 per thousand cubic feet. Kibo Energy...

on 30/10/19

2 min read