Kibo subsidiary progressing Pyebridge asset

Kibo Energy’s subsidiary, Mast Energy Developments (MED), has received official confirmation that its Pyebridge 9 MW flexible power generation asset in England has passed its satisfactory performance days (SPD) requirements under its current existing T-1 capacity market (CM) contract. This means that Pyebridge will retain the current CM contract’s associated yearly gross profit margin income of about £308 000 which is paid and received monthly in arrears.