Wrap Text
Update on Mabesekwa Project, Botswana
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(“Kibo” or “the Company”)
Dated: 09 November 2018
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Update on Mabesekwa Project, Botswana
Kibo Energy PLC, the multi-asset, Africa focused energy company, announces an update on its 85% controlled
Mabesekwa Coal Independent Power Project (‘Mabesekwa’ or the ‘Project’) in Botswana. Following a formal
presentation by Kibo to Botswana’s Department of Mines, the Company has today formally submitted an
application for a full Mining Right for the Project.
Louis Coetzee, CEO of Kibo, said, “We are pleased to have submitted a formal Mining Right application for
Mabesewka, following a formal presentation that outlined our envisaged development plan, to Botswana’s
Department of Mines. We have reached this key step in an efficient manner and this is testament to the
organisation of the Botswanan Department of Mines and the hard work of Kibo’s team. Mabesekwa is at an
advanced stage, with water and land permits and environmental certification in place, in addition to the PFS
and Scoping Study that have both already been completed.”
Further Information
Located c.50km southeast of Botswana's second largest city, Francistown, Mabesekwa is envisaged as a coal-
based integrated mine-mouth power plant with the potential to incorporate a solar component. It currently
consists of a 303Mt SAMREC compliant Coal Resource, with water/land-use permits and environmental
certification in place. A Pre-Feasibility Study on the coal mine has been completed, as has a Scoping Study,
which highlight the power plant having a maximum capacity of 600MW (4x150MW) based on a coal delivery
rate of 3.2Mtpa and a Life of Mine of over 30 years. A Definitive Feasibility Study is underway.
Notable synergies exist between Mabesekwa and Kibo’s other two projects, which should provide considerable
benefits, including economies of scale in equipment, execution, project finance and strong strategic
partnerships.
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no.
596/2014 ("MAR").
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Corporate and Designated
Andreas Lianos +27 (0) 83 4408365 River Group
Adviser on JSE
Ben Tadd /Tom Curran +44 (0) 20 3700 0093 SVS Securities Limited Joint Broker
Jason Robertson +44 (0)20 7374 2212 First Equity Limited Joint Broker
Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
Isabel de Salis / Investor and Media
+44 (0) 20 7236 1177 St Brides Partners Ltd
Gaby Jenner Relations Adviser
Notes to editors
Kibo Energy PLC is a multi-asset, Africa focussed, energy company positioned to address the acute power
deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end,
it is the Company’s objective to become a leading independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project
(‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘Mabesekwa’) in Botswana; and the
Benga Independent Power Project (‘BIPP’) in Mozambique. By developing these projects in parallel, the
Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships,
procurement, equipment, human capital, execution capability / capacity and project finance. Additionally, the
Company will benefit from its robust and experienced international blue-chip partnership network across its
project portfolio, which includes: SEPCO III (China), General Electric (USA); Tractebel Engineering
(Belgium); Minxcon Consulting (South Africa); ABSA / Barclays Africa; and Hogan Lovells International LLP.
Johannesburg
09 November 2018
Corporate and Designated Adviser
River Group
Date: 09/11/2018 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
