Syrah Resources Limited has announced its final investment decision for the installation of a solar and battery hybrid power system at its Balama Graphite Operation in Mozambique. The solar battery system will be delivered under a build-own-operate-transfer arrangement, comprising a 10-year operating lease and an operating and maintenance contract with a Mozambique incorporated project company to be wholly owned by CrossBoundary Energy.
On average, the solar battery system will supply approximately 35% of Balama’s site power requirements, yielding a reduction in diesel consumed for power generation. During peak daylight times, the solar battery system will be able to supply up to 100% of Balama’s power requirements, taking advantage of the high solar irradiation potential of the site location. The solar battery system is scheduled to be commissioned and operating before the end of the March 2023 quarter.