- Syrah Resources plans to build an 11.25MW solar plant to power its Balama graphite mine.
Syrah Resources has announced its final investment decision to deploy an 11.25MW solar plant to power its Balama graphite mine in the northern Mozambican province of Cabo Delgado. Currently, the mine is powered by a diesel generator and the installation of the solar farm will cut diesel consumption by 35 per cent.
According to Syrah, the project will “generate an attractive return on capital” given the low upfront capital costs and the savings on diesel. In addition, the solar plant will reduce the amount of carbon dioxide produced in the mining process by 12.5 per cent.
The project is being implemented in partnership with Solar Century Africa Limited with funding provided by CrossBoundary Energy. The solar plant is expected to be operational by March 2023.