Red 5 Limited, which is constructing a 4 Mtpa King of the Hills (KOTH) gold mine in Western Australia, has entered a Power Purchase Agreement (PPA) with Zenith Energy for a hybrid energy installation at the project.
Zenith Pacific (KOTH) Pty Ltd (Zenith), a subsidiary of Zenith Energy Limited, will build, own and operate the power facility. High-efficiency reciprocating gas generation, a 2MW (DC) Photo Voltaic (PV) solar farm, and a Battery Energy Storage System will combine to produce 30 MW of power supply for the KOTH mine.
The term of the PPA is 10 years, commencing in the March quarter of 2022. In the event the mine is run at a throughput higher than 4 Mtpa, the PPA contains a provision to enhance the capacity of the power plant.
Red 5 is separately contracting for the gas supply from the Goldfields Gas Pipeline, about 12 km from the mine.
The arrangement “provides the efficiency and stability required for the processing plant and infrastructure to enable King of the Hills to be a long-life, low-cost gold producer,” said Red 5 Managing Director Mark Williams.
Read the Red 5 release HERE.
Image Source: Red 5 Limited Press Release