IN BRIEF: Mast Energy shares rally as new generator set earns revenue

Mast Energy Developments PLC - developer of reserve power generation plants - Says its first refurbished generator set, or genset, achieves GBP56,689 in revenue in first month of its operation at its Pyebridge flexible power plant in Derbyshire, England. The refurbished genset started commercial operation on July 1. Mast says it has carefully monitored the refurbished genset to ensure optimal performance.

"Based on the refurbished genset's maiden actual performance data for the month of July, there is a very clear indication that the overhaul was indeed successful, which paves the way and underpins the refurbishment of the Pyebridge site's other two gensets in sequence, as planned and previously announced," Mast says.

Kibo Energy PLC holds a 55% stake in Mast Energy.

Mast stock price in London: 0.19 pence, up 28% Wednesday afternoon

12-month change: down 89%

Kibo stock price in London: 0.013p

12-month change: down 74%

Kibo stock price in Johannesburg: 0.01 rand cent

12-month change: down 50%

By Artwell Dlamini, Alliance News reporter

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