NMMC sets road map to renewable energy future

The US$450 million programme is in line with efforts by the government of Uzbekistan to boost the share of renewable energy to 40% of the country’s total power generation by the year 2030.

In the first half of 2024, NMMC installed photovoltaic panels across 21 major industrial sites with a total capacity of 5750 kW, enabling the annual generation of up to 9.7 million kWh. The Company is further advancing its renewable energy program through the construction of a 500 MW solar power facility near its operations in the Tomdi district of Navoi region, set to be completed in two phases:

• Phase 1, with a capacity of 220 MW and annual power generation of 374 million kWh is scheduled to be launched in 4Q24.
• Phase 2, with a 280 MW capacity and annual generation of 476 million kWh, will be completed in 4Q25.

The renewable energy investment programme, including the launch of the solar power station, will enable total generation of about 1 billion kWh of per year, or 21.4% of the Company’s annual consumption.

This year’s progress follows the installation of 1200 kW of solar panels in 2023, including 1000 kW at the Navoi Machine-Building Plant, 100 kW at the Kyzylkum mining department and 100 kW at corporate headquarters. These solar arrays can produce a total of 2.465 million kWh per annum.

In addition to power generation, NMMC is harnessing the sun’s energy to heat water, thereby reducing consumption from other energy sources. With the aid of 4993 solar water heaters, the Company can fully supply its hot water needs during the summer months, conserving an estimated 1.7 million m³ of natural gas per year.

Eugeny Antonov, First Deputy CEO for Transformation at NMMC, said:

“NMMC is committed to sustainable development and to doing its part to contribute to the global transition to renewable sources of energy. By investing in renewable energy now, we have an opportunity to lower operating costs over the long term and to reduce pollution, while also ensuring a greener future for our communities.”

Read the article online at: https://www.globalminingreview.com/mining/18092024/nmmc-sets-road-map-to-renewable-energy-future/