JOHANNESBURG (miningweekly.com) – South Africa’s second-largest spark miner Exxaro Resources is relocating forward with skeleton to beget purify energy, CEO Sipho Nkosi pronounced on Thursday.
Exxaro, that determined a corner try (JV) called Cennergi with an undisclosed third party, is formulation 5 renewable appetite projects – dual solar and 3 wind.
The JV would contention tenders underneath a Department of Energy’s (DoE’s) ‘request for gift and proposals for new era capacity’ in a second behest window, that closes on Mar 5.
In total, a DoE was seeking to gain 3 725 MW of renewable appetite ability from eccentric appetite producers (IPPs) between 2012 and 2016. The initial behest window sealed in Nov final year.
Meanwhile, Exxaro continued to try opportunities in a appetite markets with a concentration on cleaner appetite initiatives. Nkosi settled that it was good for South Africa to have a right brew of appetite sources.
Exxaro, that is South Africa’s second-largest spark producer, also reported that a prefeasibility investigate for a growth of a 600 MW to 1 200 MW coal-fired base-load appetite hire in a Waterberg, in Limpopo, was underneath way.
The association comparison 4 base-load IPPs and would announce a elite bidder in a initial half of 2012. Further, nonbinding tenure sheets for a off-take of 1 150 MW of electricity have been sealed between Exxaro and industrial off-takers.
Construction of a 14 MW cogeneraion plant during a miner’s Namakwa Sands project, in a Northern Cape, was approaching to start in a second entertain of 2012 and a prefeasibility investigate for a 60 MW cogeneration plant during a Grootegeluk cave was approaching to be finish in a initial half of a year.
Further, a initial half of 2012 would see a clearer denote of a intensity of a analysis of subterraneous spark gasification opportunities on Exxaro’s spark tenements in South Africa and Botswana.
Meanwhile, Exxaro would continue to grow a spark multiplication as a nation has an contentment of spark reserves, that were inexpensive to mine, pronounced Nkosi.
The Grootegeluk cave enlargement project, in Limpopo, that would supply State-owned appetite application Eskom with 16.4-million tons a year of spark for a Medupi appetite station, progressed within a R9.5-billion budget. The cave enlargement is 72% finish and would broach initial spark in May 2012.
First spark prolongation during a due greenfield Thambametsi growth project, adjacent to Grootegeluk, was approaching during 2016/17. The plan would supply spark to a base-load IPP.
Further, a bankable feasibility investigate of Exxaro’s Belfast plan was approaching to be finish by a second half of 2012. Start-up and initial prolongation was approaching in 2014.
Nkosi forked out that a spark business would continue to find alternatives to trade a company’s increasing spark volumes, however, continued good opening from Transnet Freight Rail (TFR) was expected.
He welcomed Transnet’s infrastructure initiatives, as increasing ports and rail ability would capacitate a spark attention to boost prolongation and accommodate a trade demand.
Transnet is embarking on a R300-billion, seven-year investment programme to enhance South Africa’s ports, railways and pipelines.
This would capacitate Exxaro to build and strengthen a spark trade leg and feed into a unbarred capacity, Nkosi stated.
Exxaro’s spark multiplication reported a 24% boost in net handling distinction to R3.4-billion, adult from R2.6-billion in a year finished Dec 2010, as good as a spark income boost of 21%, reaching R12.7-billion in a 2011 financial year, from R10.5-billion in a analogous duration final year. This was attributed mostly to aloft offered prices and stronger general demand.
The diversified miner increasing a trade volumes by 20% to 4.9-million tons, increased by improved opening from TFR.
However, a appetite hire sales fell 11%, overdue to a 24% dump in spark prolongation during Eskom-tied operations on a behind of inauspicious geological conditions, a closure of a Mooifontein opencast operation during a Arnot mine, as good as a flooding in Mine 2 during Matla.
Domestic non-Eskom sales fell 9%, especially since of prolongation hurdles during a NBC mine.
Coking spark outlay declined 11%, since of reduce direct from Arcelor Mittal South Africa, that was partially equivalent by aloft outlay during a Tshikondeni mine.
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