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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