Kibo Mining positions for power purchase agreement with the Tanzanian government

Kibo Mining said on Thursday that it was well placed to conclude negotiations on a power purchase agreement (PPA) with the Tanzanian government following the completion of restructuring and policy changes at the State-owned power supplier. This comes after Tanzania president John Magufuli in January promptly sacked of Tanzanian Electric Supply Company (Tanesco) MD after the country’s Department of Energy and Minerals revoked an 8.5% increase in power charges that was to come into effect.