KIBO ENERGY PLC - Bordesley Progress

Bordesley Progress

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: 21 May 2021

                                 Kibo Energy PLC (‘Kibo’ or the ‘Company’)

                                               Bordesley	Progress	

Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy
Developments PLC (“MED”) today announced an exciting update, in which the company announced that its	
Bordesley project has now reached construction-ready status following a rigorous work programme	since	
its LSE listing	on 14 April 2021.


MED, with adequate funding available, also implemented a work programme to review and evaluate its	
available pipeline of sites to ensure successful and timely delivery of	its business strategy stated in the	
Company	Prospectus.	

Full RNS can be viewed at:
https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/wklm52x

                                                    **ENDS**

For further information please visit www.kibo.energy or contact:

Louis Coetzee           info@kibo.energy            Kibo Energy PLC          Chief Executive Officer

Andreas Lianos          +357 99 53 1107             River Group              JSE Corporate and Designated Adviser

Claire Noyce            +44 (0) 20 3764 2341        Hybridan LLP             Broker

Bhavesh Patel /
                        +44 20 3440 6800            RFC Ambrian Ltd          NOMAD on AIM
Stephen Allen

Isabel de Salis /
                        info@stbridespartners.co.uk St Brides Partners Ltd   Investor and Media Relations Adviser
Charlotte Hollinshead


Notes
Kibo Energy PLC is a multi-asset, Africa focused, 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 (‘MCIPP’) 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.

Johannesburg
21 May 2021
Corporate and Designated Adviser
River Group

Date: 21-05-2021 09:35:00
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.