Kibo acquires 100% of Bordersley power generation project

Africa-focused energy company Kibo Energy on Wednesday announced that it had acquired a direct 100% interest in the shovel-ready Bordersley reserve power generation project, in the UK, sending its share prices on the JSE and LSE higher. The Bordersley project will comprise a 5 MW gas-fuelled power generation plant and will be commissioned at the end of the first quarter of 2020.