Lynas Rare Earths signs contracts for Mt Weld power station

Kitco Media
By Reuters
Published:
Updated:
Reuters
Lynas Rare Earths signs contracts for Mt Weld power station teaser image

Australia’s Lynas Rare Earths has signed a contract with power provider Zenith Energy for a new hybrid power station at its Mt Weld mine and concentration plant, the company said on Monday.

The hybrid power plant will consist of a wind farm, a solar farm and a battery energy storage system, with a total installed capacity of 65 megawatt (MW) once completed, the rare earths company said.

The facility will be supported by a 17 MW high efficiency gas fired power station and a 5 MW diesel standby generator as backup, Lynas said.

The hybrid power station is expected to reduce greenhouse gas emissions by about 60,000 tonnes of CO2-equivalent compared with a diesel only power station of the same size, Lynas said.

Zenith Energy will be responsible for financing, building, operating and maintaining the hybrid power station for 15 years, it said.

(By John Biju; Editing by Savio D’Souza and Mrigank Dhaniwala)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.