JSE-listed renewable energy company Kibo Energy has signed a heads of terms with Aim-listed gasification solutions company EQTEC to acquire a 54.54% interest in the proposed 25 MW Billingham waste gasification and power plant at Haverton Hill, in Teesside, in the UK. It is expected that Kibo will acquire a 54.54% equity stake in the project special-purpose vehicle (SPV).
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