Kibo advances Benga power project with Mozambique energy utility

Africa-focused Kibo Energy and its local joint venture (JV) partners have agreed on the next steps towards the ultimate finalisation of a power purchase agreement (PPA) at the company’s Benga power plant project (BPPP), in Mozambique, following a discussion with Mozambique energy utility Electricidade de Moçambique (EDM). During the meeting, the final optimised definitive feasibility study, inclusive of the updated grid integration study, and a summary of an updated draft financial model was presented and discussed as the fundamentals that will guide and focus the further course of the PPA process.