Gold producer is constructing a 10.5MW solar plant at Barberton Mines’ Fairview operation
Pan African Resources is beefing up renewable energy capacity at its mines to improve supply and reduce production costs and its carbon footprint.The mid-tier gold producer announced on Monday it was constructing a 10.5MW solar plant at its Barberton Mines’ Fairview operation that would result in electricity costs savings of about R40m a year for the next 20 years.
There may also be further tariff savings if this 40MW Bela project is scaled up to its permitted 75MW of solar power, according to Pan African.The Bela project, which will be constructed in 2025, will be funded by third party financial institutions with no upfront contribution from Pan African.The gold producer was also conducting a feasibility study to expand Evander Mines’ 10MW solar PV renewable energy facility by an additional 12MW.
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