{"id":17533,"date":"2022-04-08T15:59:18","date_gmt":"2022-04-08T15:59:18","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision"},"modified":"2022-04-08T16:05:37","modified_gmt":"2022-04-08T16:05:37","slug":"syrah-approves-balama-solar-and-battery-system-final-investment-decision","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision","title":{"rendered":"Syrah approves Balama solar and battery system final investment decision"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Highlights<\/b><\/p>\n

Syrah Resources Limited (ASX: SYR) (\u201cSyrah\u201d or \u201cCompany\u201d) is pleased to announce its Board has approved a final investment decision (\u201cFID\u201d)for the installation of a solar and battery hybrid power system(\u201cSolar Battery System\u201d)at its Balama Graphite Operation in Mozambique(\u201cBalama\u201d), taking advantage of the high solar irradiation potential of the site location.<\/p>\n

Following execution o fa memorandum of understanding with Solar Century Africa Limited (\u201cSolar century Africa\u201d) in December 2020, Syrah and Solar Century Africa completed the design, detailed engineering and procurement of, and structured and arranged the funding for the Solar Battery System. The Company selected a 11.25MWp solar photovoltaic(\u201cPV\u201d) installation combined with an 8.5MW\/MWh battery energy storage system to be integrated with Balama\u2019s existing diesel power generation plant. Extensive due diligence was undertaken on equipment selection and suppliers of the solar PV modules, battery energy storage technology and hybrid control system. Funding for the project is being provided by Cross Boundary Energy (\u201cCBE\u201d).<\/p>\n

The Solar Battery System will be delivered under a build-own-operate-transfer (\u201cBOOT\u201d) arrangement, comprising a 10-year operating lease and an operating and maintenance contract with a Mozambique incorporated project company to be wholly owned by CBE. This project company will construct, own and operate the Solar Battery System over the BOOT term. Operations and ownership of the Solar Battery System will be transferred to Syrah at nil cost at the end of the 10-year BOOT term. Solar century Africa will continue to work closely with Syrah and CBE during the construction, delivery and installation of the Solar Battery System and up to commercial operation. Syrah and Solarcentury Africa have obtained all required licenses to commence construction of the Solar Battery System. The Solar Battery System is scheduled to be commissioned and operating before the end of the March 2023 quarter.<\/p>\n

Board approves final investment decision for solar & battery systems at Balama: https:\/\/t.co\/iiflPAq124<\/p>\n

The large-scale solar & battery hybrid power system is expected to reduce operating costs and strengthens Balama\u2019s ESG credentials of natural #graphite products.$SYR pic.twitter.com\/SeX6UnophI<\/p>\n

\u2014 Syrah Resources (@SyrahResources) April 5, 2022<\/p>\n

On average, the Solar Battery System will supply approximately 35% of Balama\u2019s site power requirements, yielding an approximately35% reduction in diesel consumed for power generation. During peak daylight times, the Solar Battery System will be able to supply up to 100% of Balama\u2019s power requirements. Presently, Balama is solely powered by a 15MW on-site diesel generation power plant, which is 100% Syrah owned and operated, originally selected as a low-risk power option for the Balama development. Grid electricity is not currently available for Balama\u2019s power requirements due to the lack of proximate high voltage transmission infrastructure.<\/p>\n

Syrah Managing Director and CEO Shaun Verner said, \u201cThe installation of a large-scale solar and battery hybrid power system is expected to reduce operating costs at Balama and further strengthens the ESG credentials of Balama\u2019s natural graphite products. This project represents an initial step in reducing the Global Warming Potential (\u201cGWP\u201d) of Balama and the Vidalia active anode material facility in Louisiana, USA.<\/p>\n

\u201d The Solar Battery System is forecast to derive C1 cost savings of ~US$8per tonne at a 15kt per month production rate2, which is incorporated in Balama C1 cash cost (FOB Nacala) guidance ofUS$430\u2013470 per tonne at a 15kt per month production rate. The project is forecast to generate an attractive return on capital due to the low upfront capital costs, fixed costs payable by Syrah under the 10-year BOOT arrangement and the significant cost savings from reduced diesel consumption.<\/p>\n

The Solar Battery System will reduce the Global Warming Potential, or product carbon equivalent emissions, of Balama natural graphite products. Syrah\u2019s independent lifecycle assessment estimated that the Solar Battery System would reduce the GWP of producing natural graphite from Balama mine and transporting it to Nacala port from 0.48kg to 0.42kg CO2equivalent per 1kg natural graphite3, representing a 12.5%reduction.The Solar Battery System is estimated to reduce Balama\u2019s GWPby18kt CO2equivalent per annum, on average, over the life of the operation.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Highlights Syrah Resources Limited (ASX: SYR) (\u201cSyrah\u201d or \u201cCompany\u201d) is pleased to announce its Board has approved a final investment decision (\u201cFID\u201d)for the installation of a solar and battery hybrid power system(\u201cSolar Battery System\u201d)at its Balama Graphite Operation in Mozambique(\u201cBalama\u201d), taking advantage of the high solar irradiation potential of the site location. […]<\/p>\n","protected":false},"author":84,"featured_media":17532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-17533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSyrah approves Balama solar and battery system final investment decision - Mozambique<\/title>\n<meta name=\"description\" content=\"Highlights Syrah Resources Limited (ASX: SYR) (\u201cSyrah\u201d or \u201cCompany\u201d) is pleased to announce its Board has approv ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Syrah approves Balama solar and battery system final investment decision\" \/>\n<meta property=\"og:description\" content=\"Highlights Syrah Resources Limited (ASX: SYR) (\u201cSyrah\u201d or \u201cCompany\u201d) is pleased to announce its Board has approv ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T15:59:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-08T16:05:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62505d35eb380.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"994\" \/>\n\t<meta property=\"og:image:height\" content=\"623\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Syrah approves Balama solar and battery system final investment decision\",\"datePublished\":\"2022-04-08T15:59:18+00:00\",\"dateModified\":\"2022-04-08T16:05:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\"},\"wordCount\":696,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62505d35eb380.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/syrah-approves-balama-solar-and-battery-system-final-investment-decision\",\"name\":\"Syrah approves Balama solar and battery system final investment decision - 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