- Jubilee, a UK listed diversified metals producer with operations in Zambia and South Africa, has signed a three-year renewable power purchase agreement with Lunsemfwa Hydro Power Company (LHPC), an independent hydro and solar power producer in Zambia.
- The power purchase agreement ensures that the total power supply needs of both Roan and Sable mines will be continuously met at competitive rates to the prevailing power tariffs, commencing on 1 September 2024.
In addition, the agreement allows Jubilee the option to secure a further 10MW of solar generated power discounted by more than 30% below the initial power purchase agreement power rates. The additional power secures Jubilee’s future power demands to meet its expanding operational footprint.
LHPC is an established independent power producer in Zambia and owns and operates two hydropower plants in the central province. LHPC is a member of the Southern Africa Power Pool and an active power trader in the regional market. LHPC is building a 20MW solar plant and plans to use its portfolio of renewable power sources to meet Jubilee Zambia’s power requirements. The agreement highlights Jubilee’s dedication to sustainable energy practices. The power will be supplied from an integrated solar power and hydro-storage facility which is expected to be brought into operation over the coming 12 months.
On 10 June 2024, the government of the Republic of Zambia held a special cabinet meeting chaired by the President and approved the Open Access regime allowing private players to access the electricity transmission and distribution lines in the country to give consumers alternative sources of electricity to encourage the development of power generation in the country. LHPC and Jubilee are excited to be among the pioneers in actualising this government policy.
Author: Bryan Groenendaal
