Lion One Metals Ltd (AX:LLO) partnered with meeco to build and install a hybrid solar-diesel power plant for its Tuvatu gold project on Fiji, it announced in a news release.
The Switzerland-based renewable energy provider will construct the facility on 4.1 hectares of available land about 3.5 kilometers from Tuvatu.
Meeco's sun2live system should generate 7 megawatts of peak power there. That energy, along with the 11 peak megawatts Lion One will create from diesel generators, will provide nonstop, around-the-clock power for Tuvatu's gold mine and processing plant.
Annually, the solar power system should generate about 10.31-gigawatt hours' worth of energy, thereby eliminating a potential 6,000 tons of carbon dioxide emissions.
"This hybrid system will not only reduce our carbon footprint but will enable Lion One to meet our power capacity requirements while significantly reducing fuel consumption and operating costs for the Tuvatu gold project," Lion One's Managing Director Stephen Mann said in the release.
As for the partnership agreement, Lion One will be a "50% shareholder of a special project vehicle through an agreed buy-in structure," the release noted.
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