Kibo energy16 Feb 2022 18:22
Louis Coetzee, CEO of Kibo commented, "The Facility is one of the steps driving Kibo towards a fully renewable future, culminating in potentially highly predictable revenues and cash flow streams. It is very satisfying to be able to build a portfolio that is both environmentally positive and has potential to generate strong growth and reliable returns for shareholders. We also believe that the support of an institional investor at this point in our development is an indication of the credibility of our strategic plan and operational execution. We are pleased to have procured this Facility on very favorable and competitive terms, which will provide the company with access to the immediate capital required to develop the various projects it is currently working on. In particular, this Facility will advance the Company's waste-to-energy portfolio, see RNS of 14 February 2022, by meeting the immediate funding requirements on these projects."