Kibo Energy seeks to sell coal assets as its focus shifts to renewables

Africa and UK-focused energy company Kibo Energy’s primary focus going forward will be on renewable energy opportunities, part of which will see Kibo jointly develop a portfolio of waste-to-energy projects in South Africa. Kibo, therefore, intends to appoint specialist advisers to assist it in developing and implementing an appropriate disposal strategy to dispose of its coal assets or possibly repositioning these assets to make use of alternative fuel sources other than coal, given rapid advances in developing alternative fuel sources in this domain.