Kibo to mull further opportunities in Tanzania after utility’s tender call

KIBO Energy said it would clarify whether a call for tenders by Tanzania’s TANESCO for independent power producers (IPPs) to provide “superior coal technology and integrated gasification combined cycle power plants” affected its own project with the utility.

Kibo is currently negotiating a power purchase agreement with TANESCO with coal-fired power supplied by its Mbeya Coal to Power Project (MCPP), a 300MW enterprise. Talks with the Tanzanians are far progressed but business conditions in the country are volatile.

Louis Coetzee, CEO of Kibo Energy, said in an announcement to the Johannesburg Stock Exchange that his initial impression of the announcement is that it would provide additional opportunities for the firm, rather than imperil the current one.

“Our initial assessment of this latest tender process seems to indicate additional opportunity to expand the company’s participation in the development of the Tanzania energy sector and we will now urgently consult with our partners to ascertain the best course of action,” said Coetzee in an announcement.