Member Info for mikemike

nope

The only thing that would achieve is a traders wet dream. Just watch the NCCL price come down today

At least they have an understanding of the journey and how to get there. How much of this can be applied to BIPP

Wa

With the loose change you can get yourself a cross your heart bra for all the uplift you can ever want or need:)

'Lion state City' from the ''other side of the Gates of Hell''

Base is Manila until January then back home to SG

Bcl over here many overseas companies come unstuck as deadlines are treated as mere suggestions and pushing for deadlines to be met is seen as plain rude.

All part of 'in country risk'.

I would be surprised and disappointed if Sepco do not meet this deadline. at the same time I will not see it as an end of the world scenario if it is extended to year end.

I really do not want that to happen

Global the Sepco decision making process is internal for them as is the TG process. Kibo have done what they can do. Unless you know differently

No

highly flexible because it is a SEpco decision not a Kibo decision.

In addition we have no idea what 'internal' requirement of Seco are, so there can be no certainty at this time.

I be surprised if we do not get an RNS next week as we were given a deadline date of 30/11. This is of course a highly flexible deadline

Why would there be drums for an internal sepco sign off process.?

Why would there be a publicly stated anything for an internal Sepco process.?

Why would meeting dates be made public when the Sepco sign off is internal. Meeting with whom?

Anyone acting on such would be an ''insider''

Only pertinent part is, why would they commit. Should the ML for MCIPP come in next week why would that not be sufficient for a scaled up 600mw CPP plus larger coal reserve than MCPP?

I am happy to wait for RNS telling us what is happening and why. Will the RNS tell us that SEPCO sign in is now entirely down to SML and PPA for MCPP when previously told not. Things can and do change, yet I suspect internal procedures will want more support and comfort.

Just look at what happened in Eithiopia, Chinese funding for rail and rolling stock. Costs huge and loan not being covered as no power to drive the rail.

Will have to wait and see, in the meantime no drums beating anywhere, why should there be.

No RNS this weekend

Supercool

The Bulldozer wants industrialisation. The tariff rate for industry in too many places is the price of diesel, which puts too many in the 50c plus rate for units of power.

The costs of a CPP are going to be far below that figure. The plan for CPP was for export and the reduced tariff rates would not be hampered as other Countries are also suffering very high power costs.

As more power is supplied to an increasing grid reach. Those who can afford power such as government offices/ Schools and colleges. will have a reliable base load supply . Continued roll out will go to the more than a few private high net worth individuals whose gen sets will now be rarely used back up facilities. The anyone else who can afford it.

The above will take years to role out as more industry will appear to jump the queue. More jobs, reduced power costs to industry and increased corporation tax to the treasury plus hard currency reserves rising as power exports continue to rise. Even in developed countries there are those without power as the power companies refuse to supply those who cannot will not pay. Not everyone in Tanzania is going to have a switch.

I am not sure the Tariff rate is going to be an issue, as industry would I suspect be very happy to pay far less than they are paying now. equally if an award winning solution as provided by Kibo cannot progress, Then I find it hard to believe that any other IPP is going to make better progress.

Should the TG go through the pantomime of a Tender process to disqualify all IPP as being to expensive. Then the lights will well and truly remain off for many many years.

TG is not the only game in town for an IPP to develop.

The TG know this and I suspect will be happy to see industrialisation moving ahead at a fraction of the cost of present diesel tariffs.

MCIPP is NOT years away . MCIPP and BIPP are both late stage not early stage.

Minergy had their ML in days of their application being submitted. ML are aimed to be issued within 30 days or sooner.

Minergy were allowed to start site preparations prior to SML being issued.. they expect to be up to 1.2 million tons coal mined within 6 months of the SMl and ability to double that again within a similar time frame.

Do not make the mistake of believing that Botswana gov is anywhere near like TG

IF mcpp is still on hold then we have a better value MCIPP to look forward to.

If LC was starting out again and told to select EITHER it would be MCIPP.

I am way more confident in a good result for MCIPP

For this reason I do not see this as the binary choice that some do, in respect being a complete write off.

There are three SMls at the same stage, Kibo is the only CPP.

Kibo may be a victim, but is not being victimised

I can understand why many of us are concerned re SEPCO buy-in being late, or just not happening at the most pessimistic end of the scale.

I look back at the inception of the Shumba partnership, where many were miffed at the amount of equity given away. Did LC really dilute us for just a very large CPP, or, was there more to it. At that time, I was left having dark thoughts but it always came back to ''why''?

I sense that LC has already agreed finance for MCIPP through the BSE, specifically the Coal pension funds ( the Backers), who have a track record of investing in Shumba. I also suspect that the ''backers'' have already provided the much talked about letters of comfort. The SEPCO partners to manage the construction will have reduced the BSE investment risk even further.

BIPP ,as it is a pure power project has power off-take and coal supply letters of agreement, can we call those MOU? at this stage. So capital here is entirely plant construction, nothing more, unlike MCPP and MCIPP.

MCPP is the odd one out and does need SEPCO. Yet I suspect that LC has already negotiated additional support in recognition of the need to be adequately funded.

I do not know, cannot know anything for certain, yet, there are always reasons for things happening, or not as the case may be.

I remain optimistic

GLA

I can understand why many of us are concerned re SEPCO buy-in being late, or just not happening at the most pessimistic end of the scale.

I look back at the inception of the Shumba partnership, where many were miffed at the amount of equity given away. Did LC really dilute us for just a very large CPP, or, was there more to it. At that time, I was left having dark thoughts but it always came back to ''why''?

I sense that LC has already agreed finance for MCIPP through the BSE, specifically the Coal pension funds ( the Backers), who have a track record of investing in Shumba. I also suspect that the ''backers'' have already provided the much talked about letters of comfort. The SEPCO partners to manage the construction will have reduced the BSE investment risk even further.

BIPP ,as it is a pure power project has power off-take and coal supply letters of agreement, can we call those MOU? at this stage. So capital here is entirely plant construction, nothing more, unlike MCPP and MCIPP.

MCPP is the odd one out and does need SEPCO. Yet I suspect that LC has already negotiated additional support in recognition of the need to be adequately funded.

I do not know, cannot know anything for certain, yet, there are always reasons for things happening, or not as the case may be.

I remain optimistic

GLA

SYM in this neck of the woods one of the provinces was getting a huge road budget year after year because of their stunning progress made them more deserving. year after year they would send colour pics and videos to evidence this stunning achievement until one of the minister too a vacation there and found nothing but dirt tracks. the pics were of another place as were the vids, the funds just got looted.

Not suggesting that is the case here. But I understand some of those pics are NOT the location, just an example of what to expect

Shrubby those doing the reporting know to tell maga what he ants to hear. they hope they will outlast him and a new guy will then be expected to be told what he wants to hear etc rinse repeat

Kibo is partnered with Shumba

Shumba has been happy to arrange finance on the BSE via coal pension funds. An alternative, or an additional source of funds for Bots.