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The definitive study to confirm the commercial and operational feasibility of the construction of a thermal power plant in Bengo, Mozambique, is expected to be completed before the originally planned deadline, UK company Kibo Energy, formerly Kibo Mining, said on Wednesday.
The statement said that negotiations with potential buyers of electricity as well as those involving coal suppliers to feed the plant are proceeding and added that more attention will be given to this issue in the first quarter of 2019.
The construction of the Bengo thermal power plant is part of a long-term strategic objective to ensure that the company has a role to play in the energy sector in the region in which Mozambique operates.
In December 2018, the company announced it had renewed and expanded the memorandum of understanding signed with state-owned power company Electricidade de Moçambique (EdM) to finance and build the Benga project.
The company listed on the London and Johannesburg stock exchanges also reported that EdM is committed to providing the necessary assistance for the development of the Benga project, whose feasibility study (economic and operational) is progressing rapidly.
The Benga project, in which Kibo Energy partners Mozambican company, Termoeléctrica de Benga, plans to build a thermal power plant with an estimated capacity of 150-300 megawatts in the province of Tete. (macauhub)