Ironveld PLC Update on Power Generation Work Programme (0044Z)
12 September 2022 - 4:00PM
UK Regulatory
TIDMIRON
RNS Number : 0044Z
Ironveld PLC
12 September 2022
Ironveld Plc
("Ironveld" or the "Company")
Update on Power Generation Work Programme
Ironveld is pleased to announce that the project development and
engineering teams from Enernet Global Inc ("Enernet") have been
working closely with the Company to develop an optimised hybrid
power plant that will deliver clean, reliable and low cost power
for the smelter facility in Rustenburg. Detailed design is underway
for the innovative hybrid system which will include solar, battery
storage and gas generation and will operate in 'islanded mode', off
the South African grid. Enernet will fully finance the power plant
and sell energy through a power purchase agreement to Ironveld.
The first stage of the service is underway with a 1MW
pre-operations power facility that will enable Ironveld to test and
re-commission the smelter. Enernet will complete installation of
the pre-operations power in September 2022.
For further information, please contact:
Ironveld plc c/o BlytheRay
Martin Eales, Chief Executive Officer 020 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett
Charlie Beeson 020 7220 0500
Turner Pope (Joint Broker)
Andy Thacker
James Pope 020 3657 0050
BlytheRay
Megan Ray
Tim Blythe 020 7138 3204
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