Kibo renews MoU with Tanzanian utility

Aim-listed Kibo Energy has signed a renewed memorandum of understanding (MoU) with Tanzania Electric Supply Company (Tanesco) in relation to the development of the Mbeya power project. The renewed MoU is an agreement between the parties on the process to agree and conclude a power purchase agreement (PPA) between Tanesco and Mbeya Power, a subsidiary of Kibo.

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