Kibo says Tanesco tender to resume shortly

Kibo says Tanesco tender to resume shortly
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An announcement by the Tanzania Electricity Supply Company (Tanesco) cancelling three tenders for large solar power, coal-fired generation projects and large wind power projects is “unfortunate, but not out of the ordinary”, dual-listed Kibo Energy CEO Leon Coetzer said on Friday.

The company, which trades on the London and Johannesburg stock exchanges, stated that it was its understanding that a tender to do a feasibility study, finance, build, own, operate and transfer coal power projects of between 150 MW and 300 MW in one location would “definitely still going ahead” and that it was not affected by the Tanesco announcement.

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