GoviEx, a Canadian mineral resources company, has signed a Memorandum of Understanding (MoU) with energy developer Windiga Energy to jointly evaluate the feasibility of powering the company’s flagship Madaouela project in Niger, using hybrid solar power solutions. Windiga is a Canadian energy developer focused on building, owning and operating renewable energy facilities and off-grid smart power systems in different parts of Africa. Coal-fired power costs are currently forecast at approximately 4% of total life of mine operating costs. Under the MoU, GoviEx will have an opportunity to negotiate a power purchase agreement for the priority supply of electricity for an initial term of 21 years, extendible at the request of GoviEx. The benefits of renewable, lower-cost energy are obvious, and we look forward to updating our stakeholders on the results of these studies, GoviEx’s chairman, Govind Friedland, commented in a statement.

Source: The North Africa Journal February 04, 2019 13:41 UTC