The application was made to permit the operation of numerous water boreholes which are integral to the Mbeya coal mine’s dewatering plan and the provisional approval of these water permits is an integral part of the water supply strategy for the Mbeya power station.
The company has also reportedly completed the process of additional submissions related to the local content plan and integrity pledge, announced in the RNS of 19 July 2018 and the Mining Commission is now in receipt of a Special Mining License Application for the Mbeya coal mine that is fully compliant with the latest statutory requirements, as announced during July 2018.
CEO of Kibo Energy, Louis Coetzee, said: “Kibo is currently involved in a myriad of activities related to the finalization of the MCPP PPA and subsequent funding and financial close processes. We are very pleased with the progress over the past weeks and specifically encouraged by the latest media statements, indicating clear support for Independent Power Producers (‘IPP’) from the Ministry of Energy and also a distinct sense of urgency to get existing IPP’s like the MCPP implemented.”
