Kibo’s Benga DFS ahead of schedule; MED progresses with three flexible power plant projects

Aim- and AltX-listed Kibo Energy announced on Wednesday that its 60%-owned subsidiary MAST Energy Developments (MED) has started negotiating joint development agreements (JDAs) for two flexible power plants. This should provide early revenue for Kibo, with the sites – 5 MW, 11 kVA and 20 MW, 33 kVA – planned to be operational by the fourth quarter of this year and the first quarter of next year, respectively.