REGISTER: Hear how Blencowe Resources (BRES) plans to develop a World Class graphite Project. Find out at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksKibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.007
Bid: 0.006
Ask: 0.008
Change: 0.00 (0.00%)
Spread: 0.002 (33.333%)
Open: 0.007
High: 0.007
Low: 0.007
Prev. Close: 0.007
KIBO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kibo Energy to investigate replacing coal with specific biofuel

Thu, 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.

The AIM-traded firm said the decision followed an "extensive review" of its operations and assets, in which it decided to dispose of all of its coal assets while retaining the associated power projects through the introduction of biofuel technology.

Through the process, Kibo said it was intending to appoint an "experienced international biomass and biofuel consultant" to determine the economic and technical viability of using specific biomass, or 'bio-coal', technology as a feasible fuel source at industrial scale in its existing and already-developed utility-scale power projects.

The feasibility studies would investigate whether sufficient biomass could be sustainably produced and supplied as fuel for a 300 MW power plant over a 20-to-25-year power purchase agreement period.

Kibo said the biofuel technology, which would be the subject of the investigation, had already been subjected to "extensive" bench testing, and thus far had delivered positive results in all tests performed.

"By undertaking this evidence-based process, we believe we should be able to replace the traditional coal-mining activity with a 100% renewable energy source," said chief executive officer Louis Coetzee.

"Work completed to date indicates that our existing coal-fired power plants can be easily adapted to accept the new renewable fuel solution with only minor design changes on the energy-generation side."

Coetzee said pilot plant and laboratory tests showed "very positive results" in terms of delivering bio-coal at a quality and quantity comparable to and in most instances better than, typical fossil thermal coal.

"Should the full investigation into the process of replacing coal with bio-coal deliver the expected positive results, our existing coal-fired power plant projects will be converted into renewable base-load energy projects that are carbon neutral and in line with Kibo's sustainable, renewable energy strategy."

At 1227 BST, shares in Kibo Energy were up 4.59% at 0.19p.

Reporting by Josh White at Sharecast.com.

More News
11 Apr 2023 12:27

Kibo Energy takes steps to secure development plans

(Alliance News) - Kibo Energy PLC said on Tuesday it was taking steps in warrant repricing, convertible loan conversion and loan reprofiling to ensure financial stability.

Read more
6 Apr 2023 17:12

IN BRIEF: Kibo Energy remains confident of project deadlines for 2023

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it continues to advance the development of all of its projects and remains confident of meeting deadlines set for 2023. "That said, resolving the creation of new authorities is of an increasing concern as this materially affects the company's ability to secure project funding and debt financing at project level, which will inevitably impact on reaching financial close for the various projects at the set target dates," says Chief Executive Louis Coetzee.

Read more
10 Mar 2023 14:04

Kibo Energy appoints new business development executive

(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 more
10 Mar 2023 07:29

IN BRIEF: Kibo Energy names new business development executive

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Appoints Peter Oldacre as the new group business development executive. Oldacre is an experienced renewable energy and energy-storage project developer, Kibo says. "The appointment of Mr Oldacre further demonstrates Kibo's commitment to deliver a portfolio of operational revenue-generating projects within the next 18 to 24 months as previously announced," Kibo Chief Executive Louis Coetzee says.

Read more
9 Mar 2023 15:54

UK shareholder meetings calendar - next 7 days

Read more
27 Feb 2023 12:45

IN BRIEF: Kibo's Mast Energy wins new capacity market contracts in UK

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says investee Mast Energy Developments PLC's nine-megawatt Pyebridge synchronous gas-powered flexible generation facility has obtained new capacity market contracts at "considerably" higher values following auction. Says new contracts will significantly enhance the facility's revenue profile and profitability.

Read more
17 Jan 2023 17:35

Kibo mulling synthetic oil production at syngas plant

(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 more
17 Jan 2023 10:46

Kibo Energy plans new revenue stream from waste-to-energy plant

(Alliance News) - Kibo Energy PLC on Tuesday said its South African waste-to-energy project will potentially create new revenue stream from synthetic oil for the group.

Read more
11 Jan 2023 08:28

Kibo Energy resumes trading in London after picking nominated adviser

(Alliance News) - Kibo Energy PLC said on Wednesday it will resume trading on London Stock Exchange's AIM market after appointing Beaumont Cornish Ltd as its nominated adviser.

Read more
15 Dec 2022 16:05

IN BRIEF: Kibo receives GBP200,000 via sale of Mast Energy shares

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - In July, Kibo received 28.7 million new shares in Mast Energy Developments PLC, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd. Kibo has now sold 7.4 million of the shares for GBP239,514.

Read more
9 Dec 2022 15:31

IN BRIEF: Kibo faces suspension over nominated adviser, shares plunge

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Warns its shares will be suspended from the AIM on Monday if it does not find a nominated adviser, a financial services firm that shepherds a company onto the AIM. RFC Ambrian Ltd will cease to act as nominated adviser for Kibo from the close of business on Friday. Says it is in "very advanced discussion" with a new nominated adviser, with their appointment subject to completion of due diligence.

Read more
5 Dec 2022 13:15

IN BRIEF: Kibo Energy extends convertible instrument redemption again

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Agrees a further extension of five months months for the redemption date of the convertible loan note, with all noteholders. The new redemption date in now February 28. The further extension includes notes in aggregate of GBP657,985.

Read more
23 Nov 2022 12:37

IN BRIEF: Kibo Energy renews power purchase agreement in Tanzania

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Signs a renewed memorandum of understanding to supply power to Tanzania Electric Supply Co Ltd from its Mbeya power project. This project was first announced in February 2018. In terms of the renewed power purchase agreement, TANESCO will buy power with a capacity of 300 megawatts from Mbeya Power Ltd, a subsidiary of Kibo.

Read more
15 Nov 2022 13:10

IN BRIEF: Kibo Energy director Andreas Lianos exits after seven years

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Andreas Lianos retires as a director after seven years, with immediate effect, due to personal circumstances, Kibo says.

Read more
21 Oct 2022 15:44

UK shareholder meetings calendar - next 7 days

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.