Le Lézard
Classified in: Business
Subjects: BUSINESS CONTRACTS, PARTNERSHIPS

Enernet Global Signs Power Purchase Agreement for 12MW Solar With Vedanta Zinc International in South Africa


CAPE TOWN, South Africa, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Independent Power Producer Enernet Global (Enernet) has signed a Power Purchase Agreement (PPA) to build, own, operate and maintain a 12MW DC solar Photovoltaic (PV) plant with Vedanta Zinc International's (VZI) Black Mountain Mining operations in the Northern Cape, South Africa.

The plant will generate approximately 29 gigawatt hours of electricity annually, substituting a portion of the current Eskom supply. This will reduce carbon emissions by circa 12,244 tonnes per annum compared to Eskom supply. Construction is expected to start in the first quarter of 2024 and take approximately 9 months to complete. The Project will also generate direct and indirect employment within the Khâi-Ma municipal area and Namakwa District, both in the construction and 25-year operational tenor of the plant.

Enernet owns and operates hybrid power systems for mining and industrial companies designed to lower costs, reduce emissions and improve reliability. The company has over 140MW of capacity in operation, construction, contracted or awarded of which 60MW is located in Africa.

"We are excited to be Vedanta's long-term partner for power on their decarbonisation journey, working together on the roadmap, phasing and roll-out of renewables," said Bart Haverkamp, Enernet's Managing Director, Africa.

"ESG is the key focus at VZI. In line with our agenda to transform the planet for the greater good, we have committed to reducing carbon emissions by 35ktons and installing 76% renewable energy by 2027. Our goal is carbon neutrality by 2040. We are excited to partner with Enernet as this 12MW solar energy project, which will reduce emissions and enhance energy reliability and security," says Pushpender Singla, VZI Executive Director & CFO.

VZI has further plans to decarbonize its operations through its Renewables Energy Programme and will progress into Phase 2 which will encompass the wheeling of energy from offsite generation, across the Eskom transmission line, to offset its Gamsberg Mining operation. Phase 3 is aimed at the expansion of Gamsberg Phase II and is in its initial stages.

Paul Matthews, Enernet's CEO, added "As a specialist hybrid power company for mining and industrial companies in Africa, Australia and the Caribbean, we are honoured to be working with Vedanta. It is encouraging to see more and more mining companies taking the steps towards decarbonisation and achieving net zero objectives."

Singla concludes: "We are excited at the commencement of our decarbonization journey towards carbon neutrality, green zinc, and upholding our envisaged ESG commitments which will create opportunities for and develop the communities in which we operate."

About Enernet Global Inc

Enernet Global's mission is to decarbonise the world's supply chains. It owns and operates hybrid power systems and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2?emissions and reduce power costs. Built on the company's proprietary ARC software platform, Enernet Global's Energy-as-a-Service offering benefits on and off-grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Sub-Saharan Africa, Australia and the Caribbean, where it focuses on power solutions for customers in the metals and minerals, commercial and industrial and agriculture sectors.

Media contact: 
Bart Haverkamp
Managing Director, Africa
Enernet Global Inc. 
Office: 3 East 80th Street, New York, NY 10075 
Email:?[email protected]



These press releases may also interest you

at 12:30
InstaBrain, Inc. a new digital platform that leverages data-driven solutions, real-time underwriting, and industry partnerships to revolutionize the user experience, has officially launched. It is a powerful, user-focused resource that rethinks how...

at 12:15
Recently, in Dubai, UAE, Jereh Group signed a strategic cooperation agreement with Jebel Ali Free Zone (Jafza), the most influential free trade zone in the Middle East. Jereh will officially establish its presence in Jafza to construct a high-end oil...

at 12:10
Transaction in Own Shares 14 June, 2024 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Shell plc (the ?Company') announces that on 14 June, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according...

at 12:05
Rally House, the fastest growing sports and merchandise retailer in the nation, has opened their second storefront location in the state of Colorado with Rally House Alcove on Arapahoe in Boulder. Rally House Alcove on Arapahoe opens just one week...

at 12:03
Unifor Local 530-A members at Shell Scotford have voted overwhelmingly to reject a mediator's recommendations for terms of settlement that would have kept the refinery workers well-below industry standards for compensation. "We have been clear from...

at 12:01
The board of directors of Abbott today declared a quarterly common dividend of 55 cents per share. This marks the 402nd consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Aug. 15, 2024, to shareholders of...



News published on and distributed by: