Kibo Mining (GB:KIBO) has released an update.
Kibo Energy’s subsidiary, Mast Energy Developments PLC (MED), announced its Pyebridge flexible power generation asset has successfully met its Satisfactory Performance Days requirements, securing a gross profit margin income of approximately £308,000 annually under its current contract. Additionally, Pyebridge has secured future Capacity Market contracts ensuring a minimum gross profit margin income of around £817,000 annually until 2028. MED is advancing into the second phase of its development plan, aiming to enhance generation efficiency and profitability.
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