Kibo receives integrated draft financial model for MCPP

Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based on the results from the final negotiations with Sepco III and General Electric (GE) on the engineering, procurement and construction (EPC) and original equipment manufacturer (OEM) bids for the MCPP.