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(Alliance News) - Tharisa PLC on Friday said it had signed a new solar power agreement that will help it cut its carbon footprint at its flagship platinum mine in South Africa.
The Cyprus-headquartered platinum miner said it had signed a memorandum of understanding with Paris-based renewable energy power producer Total Eren and Africa-focused transitional energy company Chariot Ltd for the 40-megawatt solar project.
This memorandum of understanding envisages Total Eren and Chariot develop, finance, construct, own, operate and maintain a solar project for power supply to Tharisa Mine, located in South Africa. It is a precursor to the signing of a long-term power purchase agreement for the supply of electricity on a take-or-pay basis.
This project is expected to initially provide 40 megawatts peak, with demand expected to increase over the life of the Tharisa Mine, adequately covering its current energy requirements.
In late September, Tharisa outlined its commitment to reduce its carbon emissions by 30% by 2030 and become net carbon neutral by 2050.
"The reduction of the use of grid power by the Tharisa Mine will be accelerated through the implementation of this and other renewable energy projects," Tharisa stated.
By Artwell Dlamini; artwelldlamini@alliancenews.com
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