Copperbelt Energy Corporation has signed a long-term contract to supply up to 78MW of electricity to Metalkol SA, major cobalt and copper tailings reprocessing operation in the Democratic Republic of Congo.
Metalkol owned by Eurasian Resources Group is a leading diversified natural resources group, also a low-cost hydro-metallurgical facility.
The contract, agreed with the Metalkol and DRC’s national electricity company Societe National d’Electricite, secures electricity supply to Meltakol for up to ten years in two phases.
According to CEC, the first phase, to deliver a total of 62MW, will run until the second quarter of 2019; following which power supply will ramp up to 78MW per year during the second phase and for the remainder of the contract.
Owen Silavwe, CEC Managing Director said the agreement is a demonstration commitment, agility and promise to meet the specific and unique requirements of customers in Zambia and the DRC market.
In addition, a reaffirmation of the Company’s growing partnership with SNEL and the mining community in the DRC.