As of October 31st, the Telson Mining Corporation has signed into effect a 10-year term “take-or-pay” renewable power purchase agreement with solar provider Energia Solar.
This “Green Energy Agreement” will provide electricity to Telson’s Campo Morado mine, an underground multi-metal mine located in Mexico and capable of processing 2,500 tonnes of ore per day.
Telson expects to see significant energy cost-savings through the inclusion of solar power, with the projected cost per kWh expected to be approximately 32% lower than the last nine-month average price paid and approximately 54% lower than September’s kWh price alone.
The addition of Energia’s solar installation, expected to come online by June 2019, will result in an estimated operational cost-saving of CAD$2 million during the first year of operation. It will also ensure that Campo Morado satisfies local regulation that requires the mine to use a minimum of 25% green generated energy. You can read the full story HERE.