Jubilee enters into renewable energy PPA in Zambia
Aim-listed diversified metals producer Jubilee Metals Group has signed a three-year power purchase agreement (PPA) with Lunsemfwa Hydro Power Company (LHPC), an independent hydropower and solar energy producer in Zambia.
Jubilee says the PPA ensures that the total power supply needs of its Roan concentrator facility and its Sable refinery will be continuously met at competitive rates.
The agreement also allows Jubilee the option to secure a further 10 MW of solar-generated power discounted by more than 30% below the initial PPA rates.
The additional power guarantees the company future power supply to meet its expanding operational footprint.
“The successful implementation of the private PPA is a critical step towards securing a reliable and continuous power supply for our operations and addresses the current shortage of power.
“This comes at a critical time as we step up production at our Roan and Sable operations and look to further expand our operational footprint. Our Roan operation has been impacted by power shortages, which is comprehensively addressed by this agreement,” says Jubilee CEO Leon Coetzer.
He notes that the additional power allocation of 10 MW, which holds the potential to be further scaled, ensures that the company’s immediate power demands for its operational expansion, targeting 25 000 t/y of copper processing capacity, will be met.
He explains that security of power supply is a critical factor in the successful roll-out of the company’s Zambian copper strategy.
LHPC is an independent power producer (IPP) in Zambia and owns and operates two hydropower plants in the Central province. LHPC is a member of the Southern Africa Power Pool and an active power trader in the regional market.
The IPP is building a 20 MW solar plant and plans to use its portfolio of renewable power sources to meet Jubilee Zambia’s power requirements.
Comments
Research Reports
Latest Multimedia
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
