https://newsletter.en.creamermedia.com

Limpopo colliery decarbonising through solar power agreement

Exxaro CEO Dr Nombasa Tsengwa.

Grootegeluk operation.

Grootegeluk in Limpopo.

21st July 2023

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

Financial close has been achieved for the 68 MW Lephalale solar project to supply renewable energy to the Grootegeluk coal mine in Limpopo.

This was announced by Cennergi, a subsidiary of Exxaro Resources, Grotegeluk’s owner and operator. Cennergi will supply renewable energy to the flagship mine for 25 years through a power purchase agreement.

The project will result in energy cost savings, increased energy security and decarbonisation benefits for Exxaro. It will also foster sustainable development and enhance the socioeconomic benefits for local communities.

Leveraging solar power to meet Grootegeluk’s energy needs is a follow-through of the commitment of Exxaro to pursue business sustainability and support the green energy transition.

Funding will take the form of limited recourse project finance debt from lenders, as well as equity investment from Cennergi as sole shareholder.

An engineering, procurement and construction contract will be awarded for the 19-month construction of the project, for which an operations and maintenance contract will also be awarded.

“This project represents a significant milestone in South Africa’s renewable energy landscape and showcases the enormous potential of clean energy in driving economic growth and reducing carbon emissions,” Exxaro CEO Dr Nombasa Tsengwa

said.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

 

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.243 0.334s - 170pq - 2rq
Subscribe Now