Kinross, a Canadian gold mining company, has revealed plans to invest US$ 55M in the development of a photovoltaic solar power plant at Tasiast mine as a part of its plans to reduce the amount of greenhouse gases emitted by the organization.
Out of the entire investment, US$ 50M is budgeted for environmental, social, and corporate governance-related spending in 2022 for the solar power plant at Tasiast mine, while the remainder will go towards a potential power line to connect the Udinsk project to Russia’s regional grid, reducing the miner’s reliance on diesel for electricity generation.
Start of the implementation of the project
The geothermal drilling activities for the solar panel foundations will begin in the second quarter of this year, with the solar power plant at Tasiast mine set to be completed in the third quarter of next year.
Read Also: Meyer Burger Solar Plant to be developed at Goodyear in Arizona
According to the company, a 34MW capacity and an 18MW battery system are expected to be integrated with the Tasiast’s power generation suit, which will provide approximately 20% of the power for the site.
The US$ 55M Solar Power Plant at Tasiast Mine to cut greenhouse gas emissions by 50,000 tonnes per year
Kinross’ solar investment aims to cut greenhouse gas emissions by 50,000 tonnes per year, or approximately 530,000 tonnes over the mine’s lifetime. Over the course of the project, this will save approximately 180 million liters of gasoline.
Kinross is committed to establishing a net-zero greenhouse gas emissions corporation by 2050, with a goal of reducing Scope 1 and Scope 2 emissions intensity per ounce by 30 percent by the year 2030.
