Energy alternatives for mining
ASHEN JUGOO We expect that there will be a remarkable increase in captive power projects throughout sub-Saharan Africa
LUCAS MOALUSI It is important that government takes the lead in ensuring policy certainty
The demand for electricity in South Africa continues to increase and there is no certainty that State-owned power utility Eskom will be able to meet that demand at a cost-effective price, says international business law firm Fasken partner and finance and projects head Ashen Jugoo.
It is highly likely that there will be continued development in the battery-storage sector over the next few years.
This trend, coupled with the reduced price of small-scale embedded generation, makes it attractive for mining companies to establish their own power generation plants, he adds.
“This will allow for security of supply and reduce the costs of electricity.”
At this year’s Joburg Indaba, Fasken would like to address the success stories and challenges associated with captive plants.
“We have worked on financing solutions where a number of projects have been financed within a single portfolio.
“We also expect that there will be a remarkable increase in such projects,” states Jugoo.
Further, Fasken is a premium sponsor of the 2019 Joburg Indaba and has found it “important and compelling” to be an active participant in this conference.
“Being an active participant in the industry is not only about the financial aspect – it is more about a meaningful contribution to the industry through a physical presence,” notes Fasken senior partner Lucas Moalusi.
The company intends to share its views on the status of the local mining industry, and how the industry should unfold to assist the sector in returning to its “glory days”, he asserts.
Moalusi believes that events, such as the Joburg Indaba, have created a platform to have an honest and uncensored discussion about matters affecting the mining industry.
“The challenge of guaranteed electricity supply is quite critical to the success of the mining industry; this needs to be resolved sooner rather than later,” Moalusi concludes.
Comments
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
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
