NOA to supply wheeled renewable electricity to Idwala Industrial Holdings
Energy company NOA has signed a renewable energy supply agreement with industrial minerals producer Idwala Industrial Holdings, which will help the company reduce electricity costs and support its decarbonisation objectives.
NOA will supply renewable energy through a wheeling agreement, using a blended energy solution that complements Idwala’s existing and planned embedded solar generation facilities, ensuring an optimal energy mix across its operations.
“The wheeling agreement with NOA secures competitively priced renewable electricity across our lime and calcium carbonates operations,” Idwala Industrial Holdings MD Wayne Brown said in a statement.
“The savings this unlocks, relative to the prevailing Eskom Megaflex tariff, represents a sustained reduction in a key component of our cost base,” he added.
NOA CEO Karel Cornelissen said that, as the country’s energy market evolved, wheeled renewable energy was becoming a practical tool that allowed businesses to secure competitively priced electricity.