Russian gold miner Polyus sources hydro to achieve 90% clean power consumption

Sayano-Shushenskaya HPP in Russia. Author: RusHydro. License: All Rights Reserved.

February 12 (Renewables Now) - Russian gold miner Polyus PJSC (LON:PLZL) said it will meet up to 90% of its total electricity demand with renewables thanks to an agreement with hydropower major RusHydro PJSC.

Under the contract, RusHydro is to supply around 1 TWh of power to Polyus’ Krasnoyarsk Business Unit (KBU) until December 31, 2021, with the possibility of an extension. RusHydro will meet the contractual obligation with electricity generated by the 6.4-GW Sayano-Shushenskaya hydropower plant (HPP), Polyus said.

Apart from covering 90% of the power demand across all operating assets, Polyus’ two largest gold mines, Olimpiada and Blagodatnoye in Siberia, will run 100% on renewables. With the RusHydro agreement, the miner stands to slash company-wide greenhouse gas emissions in 2021 by a third compared to the previous year, it said.

In 2020, Polyus and RusHydro signed a five-year bilateral agreement covering an annual supply of over 300 million kWh of electricity produced by HPPs on the territory of a technologically isolated electric power system in Russia’s Far East region of Magadan, the miner added.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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