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Harmony Gold renewable-energy projects, South Africa

4th March 2022

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Harmony Gold renewable-energy projects.

Location
Welkom, in the Free State, in South Africa.

Project Owner/s
Harmony Gold Mining.

Project Description
Harmony is accelerating the expansion and roll-out of numerous renewable-energy projects.

The first phase of this journey comprises a 30 MW solar energy plant.

In Phase 2, Harmony will build an additional 137 MW of renewable energy at various longer-life mines, while Phase 3 is at the planning stage and progressing as expected.

Harmony expects Phase 2 to deliver more than R500-million a year in electricity cost savings once it reaches full production in the 2025 financial year.

Potential Job Creation
Not stated.

Capital Expenditure
Harmony has said that it will not build the solar plant with its own capital.

Planned Start/End Date
Harmony plans to bring the first 30 MW of solar power into production in early 2022.

Latest Developments
Harmony reported in February 2022 that it had received National Energy Regulator of South Africa approvals for all three renewable-energy sites.

Harmony further reported that commercial close for the power purchase agreement for Phase 1 was imminent.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Harmony Gold Mining group communications manager, Sihle Maake, tel +27 11 411 2312 or email sihle.maake@harmony.co.za.

Edited by Creamer Media Reporter

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