19 December 2016
Kibo Mining plc ('Kibo' or the 'Company') (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has awarded the EPC contract for the construction of the proposed Mbeya Coal to Power Project ('MCPP' or the 'Project') thermal power plant to SEPCO III.
A legally binding EPC Cover Agreement ('the Cover Agreement') between Kibo's wholly owned subsidiary Mbeya Power Ltd and SEPCO III was signed on 19 December 2016. The Cover Agreement incorporates the complete EPC-contract as well as the EPC co-ordination agreement, the latter governing the implementation and execution of the EPC contract, as well as the OEM contract submitted by General Electric ('GE') and which constitutes an integral part of the EPC contract.
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Kibo Finalizes and Awards EPC Contract for MCPP Power Plant to SEPCO III
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