- A new solar facility will be deployed in Togo.
- Kinross plans to invest US$55m for the development of the project.
The Canadian gold mining company Kinross has announced plans to invest US$ 55m to develop a photovoltaic solar power plant at the Tasiast mine. The funding is part of the company’s plan to reduce the amount of greenhouse gases emitted by the organisation.
The company noted that of the entire investment, US$ 50M is budgeted for environmental, social, and corporate governance-related spending in 2022 for the solar power plant at Tasiast mine. The remainder will go towards a potential power line to connect the Udinsk project to Russia’s regional grid, reducing the miner’s reliance on diesel for electricity generation.
According to the company, a 34MW capacity and an 18MW battery system are expected to be integrated with the Tasiast’s power generation suit, which will provide approximately 20 per cent of the power for the site.
Kinross’ solar investment aims to cut greenhouse gas emissions by 50,000 tonnes per year, or approximately 530,000 tonnes over the mine’s lifetime. It will also save about 180 million litres of gasoline.