Thursday, February 29, 2024
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Zimplats imports power directly from Zambia as ZESA fails the country’s largest platinum producer

Zimplats, the country’s largest platinum producer, now directly imports up to 70 megawatts from Zambia, ensuring stable operations and potentially boosting production.

Last year, Zimplats signed a direct import power agreement with the Zambia Electricity Supply Company (ZESCO), resulting in improved power stability and availability, the mining giant said in August last year.

ZESA’s daily power supply reports shows that the miner is importing electricity from Zambia’s power utility.

Respondents to the Chamber of Mines’ survey last year listed the power situation as a significant impediment.

The respondents reported that the power supply situation remained predominantly fragile with some unscheduled power supply outages.

They expected the power supply situation to worsen citing emerging demand from new and expansion projects that will result in power shortages in the outlook.

On average, mining executives are expecting operations to consume more power this year.

Analysis of survey data shows that electricity demand is expected to increase by around 20 percent in 2024 while diesel consumption is expected to increase by 35 percent.

Most respondents cited ongoing capital projects as the major drivers of energy.

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