Online Reporter
Nelson Gahadza
PADENGA Holdings says the installation of solar power facilities at Eureka Mine and Pickstone Peerless Mine is now expected to be concluded by December 2025, having missed the initial target of December 2024.
The group is investing in solar power as part of its strategy to reduce energy costs, lower its carbon footprint and mitigate reliance on the national grid. It is installing a 7-megawatt (MW) solar plant at Eureka Mine and a 5 MW one at Pickstone, designed to reduce energy costs, which account for about 25 percent of its mining expenses.
“The installation of solar power facilities at Eureka Mine and Pickstone Peerless Mine has been delayed. Commissioning of solar plants at both mines is now expected to be concluded in December 2025,” read part of the group’s 2024 annual report.
The group noted that installation and commissioning of the solar power facility at Eureka Mine was initially targeted to be complete by the end of 2024 and is aimed at reducing the mine’s carbon footprint.
