Kibo Energy signs collaboration agreement with STEAG Energy Service
LONDON: Kibo Energy PLC, the multi-asset, Africa focused, energy company, has signed a collaboration agreement with STEAG Energy Service GmbH, the engineering and O&M company in STEAG GmbH's group of companies.
STEAG group, as independent power producer (IPP), manages and operates more than 6,600 MW of its own power plants worldwide, the majority of which are hard coal fired, and in addition operates 6,700 MW thermal power plants for third party clients.
The strategic partnership between Kibo and STEAG is a significant step in incorporating world class operating and engineering expertise, experience and capability to Kibo's strategic development capacity for its growing portfolio of advanced energy projects.
As part of its strategy focused on incorporating proven technology and advanced energy solutions into its existing power projects, Kibo has signed the agreement with STEAG which provides for a comprehensive scope of technical support to Kibo throughout the development of its energy portfolio.
STEAG has 80 years of experience in planning, constructing and operating conventional and renewable power plants. It possesses a comprehensive knowledge on the mix of fossil fuels and renewable energies (coal, sun, wind, biogas and biomass) as well as large-scale power plants and flexible, distributed generating facilities. With this SES contributes significantly to a sustainable energy future.
STEAG also systematically works on renewable energy technologies and projects, a strategy which Kibo is currently actively implementing, specifically in the Benga Power Plant Project (BPPP). Furthermore, SES conducts innovative research in processes and systems, with a focus on developing forward-looking power generation and supply concepts.