Name of the Project
Balama graphite project solar battery system.
Location
Mozambique.
Project Owner/s
Syrah Resources.
The project will be delivered under a build, own, operate, transfer (BOOT) arrangement, comprising a ten-year operating lease and an operating and maintenance contract with a Mozambique incorporated project company to be wholly owned by CrossBoundary Energy (CBE).
Operations and ownership of the project will be transferred to Syrah, at no cost, at the end of the ten-year BOOT term.
Project Description
The project entails the installation of a solar and battery hybrid power system at Syrah’s Balama project.
Syrah has selected a 11.25 MWp solar photovoltaic (PV) installation, combined with an 8.5 MW/MWh battery-energy storage system to be integrated with Balama’s existing diesel power generation plant.
On average, the solar battery system will supply about 35% of Balama’s site power requirements, yielding an estimated 35% reduction in diesel consumed for power generation. During peak daylight times, the system will be able to supply up to 100% of Balama’s power requirements.
The project is expected to reduce Balama’s global warming potential by 18 000 t/y of carbon dioxide equivalent emissions over the life of the operation.
Potential Job Creation
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
The project is scheduled to be commissioned and operating before the end of the March 2023 quarter.
Latest Developments
Syrah made a final investment decision on the project in April 2022.
Key Contracts, Suppliers and Consultants
Syrah Resources and Solarcentury Africa (design, detailed engineering and procurement for the project, and structured and arranged the funding for the solar system); CBE (build, own and operate the solar battery system over the BOOT term).
Contact Details for Project Information
Syrah Resources investor relations Viren Hira, tel +61 3 9670 7264 or email v.hira@syrahresources.com.au.