Energy supply : Caledonia Mining to reduce further dependence on ZESA
Caledonia Mining, Zimbabwe’s largest industrial gold producer with a market capitalisation of $161.83 million in New York, recently took delivery of a solar power plant at its Blanket gold mining site in the southwest of the country.
03/01/2023 at 17h21, by Africa Business+
This 12MW unit required an investment of $14 million, financed by a share issue. It will eventually provide 27% of Blanket’s energy needs and reduce the mine’s dependence on the national grid of the Zimbabwe Electricity Supply Authority (ZESA), with which it has a supply contract. The aim also is to reduce the use of the diesel-intensive emergency generator.
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