SERITI RESOURCES TO POWER COAL MINES IN SOUTH AFRICA
Seriti Resources, a South African coal producer, has a long-term agreement to source power from a wind farm that will be built at R4 billion by its green energy unit with 155-megawatt will be developed in Mpumalanga province.
The wind farm will be the largest in South Africa and generate about 75% of the electricity needed for Seriti’s coal operations, infrastructure capable of providing 900 megawatts of green energy will be built over the next few years, and the renewable resources unit is in talks with larger customers to buy that power. The project will be considerably cheaper as much as 40% less expensive than buying electricity from Eskom.
South African mining operations have been hard hit by electricity shortages since 2008 due to the failure of state-owned utility Eskom to meet demand and producers of the dirtiest fossil fuel are considering the use of renewable power as the nation moves to implement a carbon tax and strives to meet targets to lower emissions.