Gold Firm to Construct Photo voltaic-Diesel Energy Plant for Fiji Mission

The explorer / developer has chosen a clear answer to satisfy the power wants of his mine and plant.

Lion One Metals Ltd. (LIO: TSX.V; LOMLF: OTCQX) has partnered with meeco to construct and set up a photo voltaic / diesel hybrid energy plant for its Tuvatu gold challenge in Fiji, introduced in a press launch.

The renewable power supplier primarily based in Switzerland will construct the ability on four.1 hectares of land out there about three.5 km from Tuvatu.

Meeco's sun2live system is predicted to generate a peak energy of seven megawatts. This power, together with the 11 megawatts of peaks that Lion One will generate from diesel turbines, will present 24-hour steady energy for the Tuvatu gold mine and processing plant.

Annually, the photo voltaic power system is predicted to generate about 10.31 gigawatt hours of power, thus eliminating 6,000 tons of potential carbon dioxide emissions.

"This hybrid system is not going to solely scale back our carbon footprint, however may even permit Lion One to satisfy our power wants whereas considerably lowering the gasoline consumption and working prices of the Tuvatu Gold Mission", mentioned Lion One's chief government, Stephen Mann, within the launch. .

Concerning the partnership settlement, Lion One shall be "the 50% shareholder of a particular challenge automobile by way of an agreed buy-in construction," the assertion mentioned.


1) Doresa Banning wrote this text for Streetwise Stories LLC and gives companies to Streetwise studies as an unbiased contractor. She or members of her family personal the securities of the next corporations talked about within the article: None. She or members of her family are paid by the next corporations talked about on this article: None.
2) The next corporations talked about on this article are Promoting Sponsors of Streetwise Stories: Lion One Metals. Click on right here for essential data on sponsor charges.
three) The feedback and opinions expressed are these of the particular specialists and never these of Streetwise Stories or its officers. The above data is offered for informational functions solely and on no account constitutes a advice to purchase or promote securities.
four) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of their very own monetary specialist and any motion taken on account of the knowledge offered is the accountability of the latter. By opening this web page, every reader accepts and accepts the situations of use and the authorized notices of Streetwise Stories. This text isn’t a solicitation of funding. Streetwise Stories doesn’t present any common or particular funding recommendation and the knowledge contained in Streetwise Stories shouldn’t be thought of as a advice to purchase or promote a safety. Streetwise Stories doesn’t endorse or advocate the actions, merchandise, companies or securities of any firm talked about in Streetwise Stories.
5) Occasionally, Streetwise Stories LLC and its administrators, officers, workers or their relations, in addition to these interviewed for articles and interviews on the positioning, might have a protracted or brief place on the securities talked about. Administrators, officers, workers or members of their fast household are prohibited from making purchases and / or promoting these securities within the open market or in any other case from the time of the upkeep or the choice of Write an article as much as three enterprise days after the publication of the interview or article. The foregoing prohibition doesn’t apply to articles that, in essence, merely recall beforehand printed information releases of the company.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *