Entry into long-term Power Purchase Agreements for renewable energy procurement
23 May 2024 LSE: PDL
Petra Diamonds Limited
(Petra or the Company)
Entry into long-term Power Purchase Agreements for renewable energy procurement
Petra announces that it has entered into long-term Power Purchase Agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch Diamond Mines from Etana Energy, a licenced South African energy trader. The PPAs will supply each operation between 36-72% of the expected load requirement from FY2026 onwards through utilising the existing electrical grid.