Kibo Energy reports positive progress at MED subsidiary
11th Apr 2024 15:57
(Sharecast News) - Kibo Energy updated the market on its subsidiary Mast Energy Developments (MED) on Thursday, reporting the successful completion ahead of schedule of the initial first-phase work programme at its Pyebridge 9MW flexible power generation asset.
Read moreKibo Energy subsidiary MED strikes new funding partnership
28th Feb 2024 13:32
(Sharecast News) - Kibo Energy announced on Wednesday that its flexible power specialist subsidiary Mast Energy Developments (MED) had struck a strategic funding partnership with RiverFort Global Opportunities PCC (RiverFort), along with a substantial funding agreement, a new capacity market contract, and the termination of the Proventure joint venture agreement.
Read moreKibo says joint venture partner missed payment deadline
1st Dec 2023 09:21
(Sharecast News) - Kibo Energy announced on Friday that its subsidiary Mast Energy Developments (MED) has issued a formal notice of enforcement to Proventure Holdings UK for failing to meet the binding joint venture agreement (JVA) conditions.
Read moreKibo Energy partially settles outstanding shareholder loan
5th Oct 2023 15:07
(Sharecast News) - Kibo Energy announced on Thursday that it had received 31,646,424 new MED shares at a deemed price of 1.482p each as part of a partial settlement of £0.47m from its subsidiary, Mast Energy Developments (MED).
Read moreKibo agrees sale of Botswana coal power project share
4th Oct 2023 13:43
(Sharecast News) - Kibo Energy made a significant step in divesting its coal assets on Wednesday, striking a definitive share sale agreement for its coal interest in the Botswana power project with Shumba Energy.
Read moreKibo subsidiary MED extends joint venture agreement due date
1st Sep 2023 12:36
(Sharecast News) - Kibo Energy announced on Friday that its UK-based subsidiary Mast Energy Developments (MED) has extended the long-stop date for the completion of its first definitive and binding joint venture agreement (JVA).
Read moreKibo Energy reports progress on Mbeya Power Project deal
18th May 2023 15:14
(Sharecast News) - Shares in renewable power developer Kibo Energy surged on Thursday, after it updated the market on its Mbeya Power Project (MPP).
Read moreKibo Energy appoints new business development executive
10th Mar 2023 14:04
(Sharecast News) - Kibo Energy announced the appointment of Peter Oldacre as its new group business development executive on Friday, as part of its executive committee.
Read moreKibo mulling synthetic oil production at syngas plant
17th Jan 2023 17:35
(Sharecast News) - Renewables-focussed developer Kibo Energy announced a decision to potentially introduce an additional revenue stream to its 2.7 MW plastic-to-syngas power plant on Tuesday, which sits within the 65%-owned Sustineri Energy.
Read moreKibo Energy to spin-out renewable, clean energy portfolio
29th Sep 2022 12:04
(Sharecast News) - Kibo Energy is proceeding with a proposal for an initial public offering to be named Ultimate Sustainable Energy (USE), it announced on Thursday, as part of its corporate strategy towards "significant" renewable and clean energy developer status.
Read moreKibo Energy to investigate replacing coal with specific biofuel
25th Aug 2022 13:11
(Sharecast News) - Kibo Energy has initiated a process for requests for proposals to investigate the feasibility of replacing coal with renewable biofuel in its power projects, it announced on Thursday.
Read moreKibo backs out of Victoria Falls solar acquisition
27th May 2022 11:10
(Sharecast News) - Kibo Energy announced the termination of its intended acquisition of the Victoria Falls Solar Park project in Zimbabwe from Broomfield International on Friday, which it initially detailed on 21 March.
Read moreKibo Energy taps Cobus van der Merwe as group CFO
20th May 2022 13:37
(Sharecast News) - Kibo Energy announced the appointment of Cobus van der Merwe as group chief financial officer on Friday, with effect from 1 June.
Read moreKibo Energy signs power purchase deal for new South Africa project
14th Feb 2022 12:19
(Sharecast News) - Kibo Energy announced a 10-year take-or-pay conditional power purchase agreement on Monday, to generate baseload electricity from a 2.7 MW plastic-to-syngas power plant.
Read moreKibo Energy settles outstanding director, management fees
7th Jan 2022 11:17
(Sharecast News) - Renewable energy-focussed development company Kibo Energy has settled outstanding fees owed to directors and management, it announced on Friday, by the issue of a 7% convertible loan note redeemable instrument.
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