https://www.miningweekly.com
Botswana|Coal|Energy|generation|Power|PROJECT|Projects|Solar
Botswana|Coal|Energy|generation|Power|PROJECT|Projects|Solar
botswana|coal|energy|generation|power|project|projects|solar

Kibo says Tanesco tender to resume shortly

2nd November 2018

By: Creamer Media Reporter

     

Font size: - +

An announcement by the Tanzania Electricity Supply Company (Tanesco) cancelling three tenders for large solar power, coal-fired generation projects and large wind power projects is “unfortunate, but not out of the ordinary”, dual-listed Kibo Energy CEO Leon Coetzer said on Friday.

The company, which trades on the London and Johannesburg stock exchanges, stated that it was its understanding that a tender to do a feasibility study, finance, build, own, operate and transfer coal power projects of between 150 MW and 300 MW in one location would “definitely still going ahead” and that it was not affected by the Tanesco announcement.

However, there were certain procedural amendments required to the process before the tender could proceed, although these should not impact the expected timeline for the completion of the tender process.

Kibo last month submitted formal tender qualification documents to Tanesco for its Mbeya coal-to-power project (MCPP).

“We are looking forward to resuming the tender process shortly. In a rather curious manner the company welcomes the brief respite in respect of the MCPP process allowing us to bolster our efforts in Botswana and Mozambique, where multiple work streams are constantly gaining in momentum to see the ongoing technical studies and power purchase agreement negotiations for the Mabesekwa Independent Coal to Power Project and Benga Independent Power Project completing ahead of schedule,” Coetzee said.

Shares in Kibo fell by as much as 31% to 1.43p on the London bourse on Friday, before recovering to 1.9p by the afternoon. The stock traded unchanged at 55c on the JSE.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.119 0.155s - 89pq - 2rq
Subscribe Now