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Tharisa PLC - Cyprus-headquartered platinum miner - Enters into a power purchase agreement to procure wheeled renewable energy for its Tharisa mine, situated in North West. Says the 15-year deal with Etana Energy Pty Ltd will see Etana provide up to 44% of the Tharisa mine’s electricity demand via wheeled energy from wind and solar farms in Western Cape and Northern Cape, using the existing electricity transmission grid.
The wheeled energy is planned to come on stream in 2026 and it will complement is 40-megawatt solar power plant being developed by TotalEnergies Renewables South Africa Pty Ltd and Chariot Transitional Power South Africa Pty Ltd, which is designed to provide 30% of Tharisa Minerals energy needs. Tharisa says these initiatives will help reduce Tharisa Minerals’ carbon footprint by 30% by 2030.
Stock price in London: 81.24 pence
12-month change: up slightly
Stock price in Johannesburg: R 19.01
12-month change: up 1.9%
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