Unstable and unreliable power supply behind the decision to construction the 12.2MW solar power plant at Caledonia’s Blanket Mine
Caledonia Mining Corporation, the Jersey-headquartered gold producer, has said that a new solar plant at its Blanket Mine in Zimbabwe has started generating power and will, in due course, provide approximately 27% of the mine’s average daily electricity demand.
In a statement, Caledonia said that the decision to build the 12.2MWac solar plant was made in late 2021 due to the unreliability of Zimbabwe’s electricity supply. Blanket Mine currently receives its power from ZESA, Zimbabwe’s national electricity supplier, but it has been subject to load-shedding and unstable power supply in recent years.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.