Strategy15 Aug 2018 09:54
Kibo Energy plc (“Kibo” or the “Company”) is a multi-asset, Africa focussed, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company’s objective to become a leading independent power producer in the region.<br /><br />That's the company strategy. Not to open a coal mine or build a single power station. This is perfectly complimentary and excellent diversification into small scale, near term revenue generation in the UK that can be replicated and sold into Africa. As for MCPP updates and focusing on that see @kiboenergy for the update the other day and what else is there to do on MCPP but wait. All in shaes too - great point by JDWag on that one.<br /><br />There is real long term danger in focusing solely on large capital projects in that of one dopes not come off or collapses the company is very vulnerable. This helps mitigate. Dont at all see it as evidence that MCPP is not happening or pulling out of Tanz but more that MCPP is happening. Now going to digest the detail.