https://www.engineeringnews.co.za

Resgen signs 20-year coal offtake deal with Valu Investments

10th July 2013

By: Creamer Media Reporter

  

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX- and JSE-listed Resource Generation (Resgen) has entered into a 20-year export coal offtake agreement with Valu Investments, a special purpose vehicle that will be jointly owned by entrepreneur Jaimin Vyas and Indian energy infrastructure company IL&FS Energy Development Company.

Under the terms of the agreement, Valu would initially buy one-million tonnes of export coal a year from Resgen’s Boikarabelo mine, in South Africa. Once Stage 2 production at the mine is started, this volume would increase to two-million tonnes a year.

Coal prices would be set by reference to an internationally recognised index at the time of each shipment.

Further, Valu has agreed to conduct feasibility studies for the proposed development of both a 200 MW and a larger 1 200 MW coal-fired power station adjacent to the Boikarabelo mine.

Resgen granted Valu the right to own, build and operate both coal-fired power stations as an independent power projects.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.14s - 140pq - 2rq
Subscribe Now