- Write by:
-
Saturday, October 19, 2019 - 4:33:36 PM
-
980 Visit
-
Print
Mining News Pro - The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia’s remote Pilbara region.
Alinta, owned by privately owned Hong Kong conglomerate Chow Tai Fook Enterprises, is planning to build a 60 megawatt (MW) solar farm at Christmas Creek, which would help replace diesel generation at mines owned by Fortescue Metals Group.
The mines also use power from a gas-fired plant owned by Alinta.
“The combination of solar and gas means the mining operation will have clean, secure and reliable energy supply from morning to night,” Energy Minister Angus Taylor said in a statement.
The government said its Northern Australia Infrastructure Facility has agreed to lend up to A$90 million and the Australian Renewable Energy Agency (ARENA) will provide a A$24.2 million grant to Alinta.
“Working together, we are on the cusp of demonstrating that renewables can drive Australia’s economic powerhouses forward -even for remote and complex industrial applications,” Alinta Managing Director Jeff Dimery said in a joint statement with ARENA.
The project was considered attractive as it would help cut carbon emissions and ease reliance on imported diesel, reducing Fortescue’s need for about 100 million litres of diesel, ministers and ARENA said in separate statements, adding that this would also bring down power prices.
Fortescue said the project was first on this scale for the Pilbara and would cut carbon emissions from stationary generation by about 40% at its Christmas Creek and Cloudbreak mines, while helping it to keep costs down.
The solar farm is expected to be completed by mid-2021, ARENA said.
Short Link:
https://www.miningnews.ir/En/News/435014
Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
No comments have been posted yet ...