Mining boss Ellison tells investors: ‘I hate what I’ve done’
The executive has been pressured to explain why the company made historical payments to offshore entities he controlled.
Australia’s Lynas Rare Earths has signed a contract with power provider Zenith Energy for a new hybrid power station at its Mt Weld mine and concentration plant, the company said on Monday.
The hybrid power plant will consist of a wind farm, a solar farm and a battery energy storage system, with a total installed capacity of 65 megawatt (MW) once completed, the rare earths company said.
The facility will be supported by a 17 MW high efficiency gas fired power station and a 5 MW diesel standby generator as backup, Lynas said.
The hybrid power station is expected to reduce greenhouse gas emissions by about 60,000 tonnes of CO2-equivalent compared with a diesel only power station of the same size, Lynas said.
Zenith Energy will be responsible for financing, building, operating and maintaining the hybrid power station for 15 years, it said.
(By John Biju; Editing by Savio D’Souza and Mrigank Dhaniwala)
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