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Nickel Industries inks binding agreement for IMIP Solar Project
Nickel Industries Limited and PT Sumber Energi Nusantara (SESNA) have entered into a binding Operational Lease and Service Agreement (OLSA) for the development, installation, operation and maintenance of a 200MWp + 20MWh battery solar project within the Indonesia Morowali Industrial Park (IMIP).
The initiative is designed to supply power to Nickel Industries’ RKEF operations and future ENC HPAL project. Additionally, it demonstrates the company’s commitment to a more sustainable future for Indonesia’s mining industry.
Nickel Industries will be the long-term offtake partner for SESNA under the OLSA agreement, without capital funding. The indicative tariff for electricity is currently lower than the company’s existing costs, with pricing expected to remain constant throughout the project.
This solar project complements the company’s existing 450kWp plus 250kWh battery storage installation at the Hengjaya Mine, replacing diesel-powered generators and saving around 31 million litres of diesel over the project’s projected 25-year life.
Source: australian resources
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