INFRASTRUCTURE

Enernet acquires KPS Power Africa

Acquisition aimed at cutting costs and increasing energy resilience

 Acquisition aimed at cutting costs and increasing energy resilience

Acquisition aimed at cutting costs and increasing energy resilience

Enernet Global, a US-based distributed energy service, has acquired KPS Power Africa (KPSA) to decarbonise the African mining sector and related supply chains.

Paul Matthews, Enernet Global's chief executive officer, said its "world-leading expertise" on renewable hybrid plants and competitive capital would enable it to bring "a unique solution across Africa."

Going further, Matthews explained that mines are under increasing pressure to reduce scope 1,2 and 3 emissions.

Ben Zikmundovsky, KPSA's general manager, said the agreement would allow both companies to advance hybrid power generation within the African mining sector.

"KPSPA has increased its exposure to the renewable energy market and Enernet Global its presence in the African mining industry, which is ideally positioned for a renewable hybrid system," Zikmundovsky explained.

The companies said they would sell energy and services through power purchase agreements, which would enable them to deliver specifically tailored systems at no capital cost to the customer.

They said this would lower costs, increase energy resiliency, and dramatically reduce emissions in mines in Africa.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets