Home » Market News » DirectorsTalk Highlights » Hybrid Thermal, Solar And Storage Power Plant For Resolute Mining
Capital Drilling Plc

Hybrid Thermal, Solar And Storage Power Plant For Resolute Mining

Australia’s Resolute Mining Limited is partnering with Aggreko on a new hybrid modular power station project at Resolute’s Syama Gold Mine in Mali, West Africa that is expected to slash Syama’s electricity costs by approximately 40%.

Resolute announced yesterday it had signed a Heads of Terms Agreement for the project – basically an agreement about an agreement – which will be funded and operated by Aggreko.

Stage 1, expected to be completed next year, will be comprised of 3 Modular Block generators (30MW capacity total) and a 10MW/5MWh Y.Cube battery storage system.

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets. The company was selected as preferred contractor for a three year contract with Resolute Mining Limited.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.