Resolute Mining Ltd. inked a power supply agreement with Aggreko PLC to develop a new solar hybrid modular power station at the Syama gold mine in Mali.
The planned power station will combine battery, thermal and solar generation technologies, with Resolute Mining to pay a levelized energy tariff of 15 U.S. cents per kilowatt-hour, according to a Dec. 18 news release.
Resolute Mining said the rate compares favorably with current energy costs at the mine ranging from 23 cents to 26 cents per kilowatt-hour.
The deal includes an incentive agreement where Aggreko may share 25% to 50% of the resulting fuel savings for Resolute Mining, subject to improved efficiencies for key performance indicators being achieved.
The company said design work for the plant has started and is scheduled to be delivered in two stages, with the first phase set for completion in 2020 and the second phase in 2023.