Kibo Mining recrafts Mbeya project agreement with SEPCO III
Kibo Mining has recrafted its agreement with SEPCO III for the construction of the Mbeya Coal to Power Project (MCPP) in Tanzania.
SEPCO III would refund Kibo 50% of the development costs incurred, starting with US$1.8mln by 30 August. In return, it would acquire the right to be the sole bidder for the project.
The pair would move to agree the remainder of the costs, said Kibo, adding a payment date must be agreed by 22.... Read more »
Posted on : Friday , 26th August 2016
















