https://www.miningweekly.com

Kibo marks progress at Benga project

7th June 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Africa-focused Kibo Energy is continuing to advance the development of its Benga power plant project, in Mozambique.

The company has completed an independent base case financial model and initial findings have demonstrated the economic robustness and viability of Benga under a base case definitive feasibility study (DFS).

Kibo is also continuing to progress the environmental-impact assessment (EIA) and is aligning it with the base case findings of the DFS.

Internal research on renewable energy and storage options have indicated promising opportunities for optimisation in terms of plant availability and limiting greenhouse-gas emissions.

Kibo Energy CEO Louis Coetzee says that while Kibo in the past labelled the project as a thermal coal power project, in reality, it can encompass much more, as the company’s research on renewable energy and storage options indicates.

However, Kibo’s current priority is to complete term sheets for coal supply and power purchase agreements.

The coal supply agreement (CSA) term sheet with a supplier is advancing while the power purchase agreement (PPA) term sheet with a private offtaker for 35% to 40% of generation capacity is also advancing.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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