Kibo Mining and TANESCO sign MoU for 300 MW coal to power project in Tanzania

Mineral exploration and development company Kibo Mining has signed an MoU with Tanzania Electricity Supply Company Limited to purchase power generated from its 300 MW Mbeya coal-to-power project in Tanzania. The MoU is a precursor to the power purchase agreement, which is anticipated to be finalised by end-March 2018. Located in the Songwe region, the project will involve the development of a coal mine along with a mine-mouth power station which is expected to address the problem of energy deficiency in the region and meet the future anticipated demand as well.

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