Kibo Energy Share News (KIBO)

IN BRIEF: Kibo Energy shares down on widened interim loss

Kibo Energy PLC - Galway, Ireland-based energy company - Posts revenue of GBP305,384 in the six months to June 30, compared to none a year ago. Pretax loss widens to GBP2.0 million from GBP1.8 million, as administrative expenses increase by 9.1% to GBP1.2 million from GBP1.1 million a year ago.

Kibo Energy acquires UK waste to energy project for GBP600,000

(Alliance News) - Kibo Energy PLC on Wednesday said it has agreed to acquire an advanced UK waste to energy project based in Southport, England.

IN BRIEF: Kibo Energy postpones AGM after system voting difficulties

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Postpones its annual general meeting due to difficulties voting through the Euroclear system experienced by several shareholders. The company received requests from some shareholders to adjourn Friday's AGM. The meeting will reconvened no later than October 28.

UK shareholder meetings calendar - next 7 days

Kibo Energy to investigate replacing coal with specific biofuel

(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.

Kibo Energy eyes move away from coal-fire plants into renewable fuel

(Alliance News) - Kibo Energy PLC on Thursday said it is investigating the feasibility of being able to power its coal-fired plants with renewable biofuel.

IN BRIEF: Kibo Energy receives Mast Energy shares as loan repayment

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Receives 28.7 million new shares in Mast Energy Developments PLC at a price of 3.48 pence each, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd.

LONDON MARKET CLOSE: Stocks red on potential full-point hike in US

(Alliance News) - Stocks in London closed in the red on Thursday after markets across Europe slipped after the European Commission slashed its GDP forecast for 2022 and investors saw a difficult start to the US earnings season.

AIM WINNERS & LOSERS: Kibo extends contract; Appreciate CEO steps down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IN BRIEF: Kibo Energy extends waste-to-energy agreement to 20 years

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Extends to 20 years from 10 years the waste-to-energy power purchase agreement that was first announced back in February. The agreement outlines the construction, commissioning and operation of a 2.7 megawatt plastic-to-syngas power plant to generate baseload electricity for an industrial business park developer in Gauteng province, South Africa. The project is the company's first under its joint venture, Sustineri Energy, in which Kibo Energy holds 65% and Industrial Green Energy Solutions (Pty) Ltd holds the balance.

IN BRIEF: Kibo hits critical strategic milestone in CellCube agreement

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Announces it has achieved its first major framework agreement target by placing the first commitment to purchase the first two proof of concept projects. These projects relate to its signed strategic five-year framework agreement with CellCube to deploy long-duration energy storage in Southern Africa.

IN BRIEF: Kibo Energy extends redemption date of instrument

Kibo Energy PLC - group with energy projects in Africa and UK - Agrees with all remaining noteholders on a further extension of three months to the redemption date of convertible instrument. The redemption date is now September 30, including notes in aggregate of GBP657,985.

IN BRIEF: Kibo Energy loss widens in 2021 on impairment costs

Kibo Energy PLC - group with energy projects in Africa and UK - Reports revenue of GBP3,245 in 2021, versus none in 2020. Loss after tax widens to GBP23.0 million from GBP6.4 million. Bottom line hit by GBP20.7 million impairment of non-current assets.

IN BRIEF: Kibo Energy, Hasta Trust to develop energy storage projects

Kibo Energy PLC - group with energy projects in Africa and UK - Enters into an exclusive agreement with Hasta Trust to jointly develop a portfolio of long duration energy storage projects held exclusively by National Broadband Solutions, which is owned by Hasta. The initial target is a 36,320 megawatt-hour capacity in South Africa.

Kibo backs out of Victoria Falls solar acquisition

(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.