Solar for Syama

2019-01-11T11:26:38+00:00 January 11th, 2019|News|

Resolute mining will install a solar hybrid power plant at the Syama gold mine in Mali.

Gold miner Resolute Mining has signed a joint development agreement (JDA) with Ignite Energy Projects (Ignite Energy) for the development of a new 40MW independent solar hybrid power plant at the company’s Syama gold mine in Mali. Ignite Energy is a financier, developer and operator of power projects in Africa.

Image creidt: asxreport.com

The Syama Solar Hybrid Power Plant will combine solar, battery and heavy fuel oil (HFO) technologies. The innovative project is expected, when constructed, to be the world’s largest off-grid, fully integrated hybrid power plant for a stand-alone mining operation. The new power plant will replace the existing historic 28MW diesel fired power station at Syama and is expected to be fully operational by the end of 2020.

The new Syama power solution will be funded and constructed under an Independent Power Producer (IPP) model whereby Ignite Energy, under the terms of an exclusive Power Purchase Agreement, will be responsible for the design, construction, ownership, funding and operation of the new Solar Hybrid Power Facility on an exclusive basis and will supply power to Resolute on a guaranteed basis subject to a maximum tariff over a term of between 12 and 20 years.

The new solar hybrid power solution is expected to generate savings of up to 40% on the current operating costs of power at Syama. In addition to higher efficiencies of the solar hybrid solution, the replacement of Resolute’s existing diesel generated power plant will reduce reliance on, and exposure to, diesel prices.