Kibo, Termoeléctrica finalise Benga JV in Mozambique

Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW coal-fired power station and is synergistic with Kibo’s other two projects – the Mbeya coal-to-power project, in Tanzania, and the Mabesekwa coal independent power project, in Botswana.