Tanzania: Kibo Mining firms up GE agreement

Kibo Mining has signed a collaboration agreement with General Electric International for the development of the Mbeya coal-to-power project. The agreement follows a memorandum of understanding announced on 16 September and sets out in detail the terms and conditions of the companies’ collaboration in a binding agreement. The agreement provides for GE to supply equipment, technology and services to the power plant, and work with Kibo to implement the project. Final commercial bids from GE and preferred engineering, procurement and construction contractor Sepco III were received on 31 October.