Subscribe today and receive an extra account for free.
Subscribe
Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
July 25 (Renewables Now) - The power generation arm of Karo Mining Holdings intends to build a 300-MW solar park to power the planned platinum group metals (PGMs) mining complex in the Great Dyke, Zimbabwe.
The initial plan was to construct a 600-MW thermal power plant at the site, but it was subsequently agreed to build a renewable energy facility instead, subject to the issue of an independent power producers (IPP) licence, according to information on the company’s website.
Reuters quoted Karo’s country manager Josephat Zimba as saying that the company has picked the solar power option after discussions with the Zimbabwean government.
The mining project will be realised in partnership with the government under an investment project framework agreement that was signed in March 2018.
A company official told Reuters that Karo has various funding options for the USD-4.2-billion (EUR 3.6bn) venture, including bank finance, equity or funds from shareholder Tharisa Plc (JSE:THA).
(USD 1.0 = EUR 0.854)
Gulf Energy inks PPA for 30 MW of offshore wind in Vietnam
Jul 22, 2019 17:53 CEST
TerraForm Power to buy 320-MW DG portfolio from AltaGas
Jul 22, 2019 17:16 CEST
Bunge, BP form bioenergy JV in Brazil
Jul 22, 2019 16:29 CEST
Argentina's Renovar 3 encounters hiccups, could be postponed - report
Jul 22, 2019 16:14 CEST
Siemens Gamesa to equip 32-MW nearshore windwi project in Vietnam
Jul 22, 2019 15:31 CEST
Zimbabwe regulator receives application for 108-MW solar project
Jul 12, 2019 10:13 CEST
