Kibo advancing development stages of Mbeya coal-to-power project

Tanzania focused mineral exploration and development company, Kibo Mining plc has signed an Engagement Letter with global law firm Norton Rose Fulbright to provide it with legal services in regard to the development of its Mbeya coal-to-power project (MCPP) in Tanzania.

The letter outlines the terms and conditions under which Norton Rose Fulbright will assist Kibo with the preparation and negotiation of commercial arrangements and agreements pertaining to the MCPP power purchase agreement (PPA), with the Tanzanian government and TANESCO (Tanzania’s parastatal power distribution company).

Norton Rose Fulbright is a global law firm with offices in over 50 cities across Europe, the US, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. Its clients include major global corporations and financial institutions and it has a strong reputation and experience across energy infrastructure, mining and commodities. The firm advises on major energy projects in Africa and is ideally placed to assist Kibo at this critical stage in the development of the MCPP.

Louis Coetzee, CEO of Kibo Mining, said: “The signing of the engagement letter with Norton Rose Fulbright is a critical appointment in this advanced development stage of the MCPP, where we seek to negotiate and finalise a PPA with the Tanzanian government. Significant progress has been made in this area and the appointment of Norton Rose Fulbright will add critical momentum to our initiatives in this regard.”

Edited from press release by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/exploration-and-development/18082016/kibo-signs-engagement-letter-with-global-law-firm-to-help-its-mbeya-project-2261/