Kibo Mining (GB:KIBO) has released an update.
Mast Energy Developments PLC (MED), a subsidiary of Kibo Energy PLC, has successfully completed the refurbishment of a power generation unit at the Pyebridge site, leading to increased revenue through a Power Purchase Agreement with Statkraft and a Capacity Market contract. MED is also in advanced talks for the acquisition of a 10MW power generation site in south-western England, aiming for a quicker and cost-effective expansion. Despite Kibo Energy’s restructuring, MED assures stakeholders of its operational and financial independence.
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