Completion of Agreement with IGES to Co-develop Renewable Energy Projects

Source: www.gulfoilandgas.com 7/30/2021, Location: Africa

Kibo Energy PLC, the multi-asset, African focused energy company, is pleased to announce that further to its previous announcements in this regard (see RNS' dated 18 May 2021 and 16 June 2021), it has now satisfied all conditions and completed the agreement with South Africa-based Industrial Green Energy Solutions (Pty) Ltd ('IGES') to jointly develop a portfolio of Waste to Energy projects in South Africa ('the Agreement'). Kibo and IGES have entered into an amendment (the 'Amendment') to fast track the implementation of the first project.

Completion of the Agreement and Amendment follows the positive findings of an extensive due diligence process.

Louis Coetzee, CEO of KIBO said: "We are very pleased with the completion of the Agreement with IGES, and the Amendment provides us with the opportunity to streamline and fast track the further implementation and development of the first project."


Sweden >>  6/27/2022 - Lundin Energy AB (“Lundin Energy”) announces an update to the guidance for its renewables business, expected to trade under the new name, Orrön Energy...
United Kingdom >>  6/27/2022 - The technology group Wärtsilä will partner with low carbon energy company SSE to deliver a 50 MW / 100 MWh energy storage system in Salisbury, Wiltshi...

South Africa >>  6/23/2022 - Ambri, provider of long-duration energy storage, announced that Earth & Wire, South Africa's independent renewable energy retail brand, placed an orde...
United States >>  6/23/2022 - The U.S. Department of Energy (DOE) issued a $70 million funding opportunity announcement to establish its 7th Clean Energy Manufacturing Innovation I...

United States >>  6/22/2022 - The Company provides the following update in advance of its AGM which will be held at 3.00 p.m. BST.

U.S. renewable energy market update
Bahrain >>  6/21/2022 - The meeting between Eni CEO Claudio Descalzi and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Prime Minister of Bahrain, was held today ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.