Gold Mining News Hubb
Advertisement
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
Gold Mining News Hubb
No Result
View All Result
Home Mining News

Seriti Resources’unit to buildwind farm in Mpumalanga

admin by admin
February 4, 2023
in Mining News


This wind farm will cater to around 75% of the power required for the company’s operations. Credit: Photo by American Public Power Association on Unsplash.

South Africa-based coal producer Seriti Resources’ green energy unit subsidiary has plans to build a wind farm in Mpumalanga, reported Bloomberg.

Seriti Resources has signed a long term agreement to draw power from the farm.

This 155MW plant will be built by the subsidiary, Seriti Green.

This project is claimed to become the country’s largest wind farm, and will be built with an investment of approximately $235m.

It will be built in the country’s coal-rich Mpumalanga province and will provide power to Seriti Resources’ coal mining operations.

This plant will cater to around 75% of the power required for the company’s operations.

Seriti Resources plans to build an infrastructure to provide 900MW of green energy over the next few years.

Furthermore, the company’s renewable resources unit is under discussion with customers to purchase the power produced by the infrastructure.

Since 2008, electricity shortages have severely impacted South African mining activities due to state-owned utility Eskom Holdings’ failure to meet demand.

As the country proceeds to impose a carbon tax and works to reach emission reduction goals, producers of the fossil fuel are considering switching to renewable energy.

Seriti Green CEO Peter Venn was quoted by the media outlet as saying that renewable energy from its wind project will work out to be as much as 40% less expensive than purchasing power from Eskom.

Last month, the state-owned utility’s secured approval from the regulator to increase power prices by the most in over ten years.





Source link

Previous Post

Implats to post solid interims despite loadshedding taking metal stockpile to 140,000 oz

Next Post

Visualizing Population Density Patterns in Six Countries

Next Post

Visualizing Population Density Patterns in Six Countries

Recommended

The Biggest Global Risks of 2023

January 13, 2023

FEC approves N41bn for construction of centre of excellence, hospital in Rivers

March 30, 2023

Don't miss it

Gold News

Gov Ikpeazu sacks several aides

March 31, 2023
Mining News

Visualizing the Flow of Energy-Related CO2 Emissions in the U.S.

March 30, 2023
Mining News

India to start exporting coal by 2026

March 30, 2023
Gold News

Gemfields warns recessionary pressures may dampen sales after record 2022

March 30, 2023
Gold News

Time to Break the Deadlock on TotalEnergies’ Offshore Gas Deal

March 30, 2023
Gold News

FEC approves N41bn for construction of centre of excellence, hospital in Rivers

March 30, 2023
gold mining-66

© Gold Mining News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Gold News
  • Mining News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us

© 2022 Gold Mining News Hubb All rights reserved.