Image: Sebastian Ganso/Pixabay
Diversified metals producer Jubilee has signed a three-year PPA with Lunsemfwa Hydro Power Co., an impartial hydro and solar energy producer in Zambia.
Jubilee mentioned the PPA, efficient from Sept. 1, meets the entire energy provide wants of its copper focus manufacturing at its Roan concentrator and its multi-metal Sable refinery at a aggressive price with prevailing electrical energy tariffs.
The settlement additionally offers Jubilee the choice to amass one other 10 MW of photo voltaic, discounted by greater than 30% under the preliminary PPA energy charges.
In June, the Zambian authorities authorised an open-access regime, giving personal corporations entry to the nation’s electrical energy transmission and distribution traces, in a bid to offer customers with various sources of electrical energy and the event of energy technology shall be inspired. This PPA is likely one of the first signed because the approval of the open-access regime.
“Our Roan operation has been affected by the ability scarcity, which is comprehensively addressed with this settlement,” mentioned Jubilee CEO Leon Coetzer. “The further energy allocation of 10 MW with the potential to extend additional, ensures that our quick energy wants for our operational enlargement concentrating on 25,000 tons of annual copper processing capability shall be met. The assurance of energy provide is a important issue within the profitable launch of our Zambian copper technique.”
The Lunsemfwa Hydro Power Co. is presently constructing a 20 MW challenge in Zambia. The nation’s cumulative put in photo voltaic capability stands at 124 MW by the tip of 2023, in keeping with the International Renewable Energy Agency (IRENA).
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