Economy

Reports show Zimplats importing power directly from Zambia

0

Zimplats, a platinum producer, is reportedly importing up to 70 megawatts of electricity from Zambia, ensuring stable operations and potentially boosting production.

This is according to a report by The Herald.

The report indicated that Zimplats last year signed a direct import power agreement with the Zambia Electricity Supply Company (ZESCO), resulting in improved power stability and availability, the mining firm said in August last year.

“ZESA’s daily power supply reports show that the miner is importing electricity from Zambia’s power utility. Zimplats has already started the construction of a 185MW solar plant to power up its operations.

“During the first phase, the company is gearing up to install 35MW of solar capacity at the Selous Metallurgical Complex.

This initial phase was expected to cost US$37 million.

The entire project, estimated to cost US$201 million, is expected to be completed in 2027,” according to the report.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Agric firm reacts to govt’s plan to achieve 10 million tonnes of maize annually

Previous article

Mine unions meet President Hichilema on Konkola, Mopani issues

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Economy