Sierra Rutile signs MoU to secure hydropower
JOHANNESBURG (miningweekly.com) – Aim-listed mineral sands producer Sierra Rutile has entered into a memorandum of understanding with sustainable electricity developer Smol Pawa Sierra Leone to become a cornerstone buyer of hydropower from Smol Pawa’s Moyamba hydropower project.
The 11 MW to 14 MW run-of-river hydropower project, which was currently in the feasibility stage, would be located at the Singimi Falls on the Gbanga river, within 20 km of Sierra Rutile’s existing operations.
The project would be developed as a public–private partnership with the government of Sierra Leone and would serve the communities of Moyamba, as well as the Njala University and Sierra Rutile.
Sierra Rutile stated that the project’s financing, permitting and construction were expected to be completed within 36 to 48 months.
"We are very pleased to partner with Smol Pawa on this project. As we continue to focus on reducing costs, the opportunity to purchase reliable, low-cost power will significantly reduce Sierra Rutile's cost exposure to potential oil price fluctuations,” Sierra Rutile CEO John Sisay commented.
He said power supplied from the hydropower facility would also reduce Sierra Rutile's operating risk by diversifying its power sources.
“We are also pleased to be able to support the government of Sierra Leone's Agenda for Prosperity in its provision of long-term sustainable electricity for the country," Sisay concluded.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
