A market leader in Africa, in innovative renewable energy solutions and Econet’s solar subsidiary Distributed Power Africa (DPA) has announced that it has withdrawn a 10 MW power lease agreement for South African Titanium Dioxide manufacturer Nyanza Light Metals
DPA Africa Chief Executive Officer Norman Moyo, said the 10 MW deal was set aside due to delays in Nyanza’s Richards Bay facility which is under construction.
“Furthermore, both parties have the right to renegotiate any interest in the project once the buildings are in place.
“The 10 MW DPA/Nyanza Light Metals plant was going to nearly half the facility’s energy requirements which currently stand at 22MW. It’s an unfortunate turn of events, however, there might be a chance that this could kick on again if both parties do wish to continue,” Moyo said
The company has been making a resolute push for the uptake of solar for industrial and commercial operations. This is primarily to help African companies and governments increase the capacity of energy generation outside the national grid supply.
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