Kibo Mining partners Termoeléctrica de Benga to build a thermal power station in Mozambique

8 June 2018

Kibo Mining has signed a partnership agreement with Mozambican power station company, Termoeléctrica de Benga, to form the Benga Power company, which will carry out a new assessment of the viability of construction of a coal-fired power station in Tete province, said the company listed on the London and Johannesburg stock exchanges.

Kibo and Termoeléctrica will hold initial shares of 65% and 35% in the partnership, respectively, and the proposed thermal power plant will have a production capacity of between 150 and 300 megawatts.

Benga Power will benefit from Kibo Mining’s experience in the construction and development of energy projects in the East Africa region, notably in Tanzania, where the company has the MCPP project, which joins a coal mine with a production of 1.5 million tons per year with a 300-megawatt thermal power plant.

In August 2009, Mozambican news agency AIM reported that Australian company Riversdale Mining, which owned the Benga coal exploration concession in Tete, Mozambique, would build a 500-megawatt thermoelectric plant.

The agency quoted the national director of studies and planning at the Ministry of Energy, Nazir Meguigy, as saying that the commercial operation of the plant was scheduled to begin in 2013.

In 2011 Riversdale Mining sold all the coal assets it held in Mozambique to the Anglo-Australian group Rio Tinto for US$3.9 billion, which in October 2014 sold them on to Indian consortium International Coal Ventures Private Limited for US$50 million. (macauhub)