UPDATE:Zambia's KCM Installs 24MW Emergency Power Plants -Company
June 15 2011 - 1:49PM
Dow Jones News
Zambia's Konkola Copper Mines said Wednesday that it has
installed three emergency thermal power plants with the capacity to
generate 24 megawatts of power at its Konkola deep mine project, in
a bid to guarantee reliable power supplies at the unit amid a
looming power shortage in the country.
The three generators have been installed by Finland-based
Wartsila Oyi (WRT1V.HE), each with the capacity of 8 MW, a company
spokesman said in a statement.
"The generators...will provide back-up power in case of failure
of power supply from the national grid," said Shapi Shachinda, the
company's communications manager.
The power plants, coupled with existing 30MW gas turbine
capacity, are expected to provide enough power to operate pumps
used to drain uncontrolled water from the Konkola deep mine project
in case of total power failure from the grid, Shachinda added.
The existing 30 MW gas power plants are owned by Copperbelt
Energy Corp. the main supplier of power to Zambia's mining
companies. KCM, a unit of London-listed Vedanta Resources PLC
(VED.LN) is putting final touches on the sinking of a major
underground shaft that is expected to more than triple the
company's annual copper ore output by 2012.
The shaft is being sunk at an underground mine, which is very
wet and any power outage results in flooding, hampering mining
operations, company officials say. In 2008, a power outage trapped
hundreds of miners at KCM's underground mine for several hours, the
state power utility was compelled to emergency import power from
Congo to facilitate the evacuation.
KCM is expected to sink the shaft to the targeted depth of 1,500
meters by the end of this month. The shaft is poised to increase
the company's annual ore production to 7.5 million metric tons,
from the current 2 million tons.
According to Shachinda, KCM has invested more than $2 billion in
new projects, expansions and upgrades of its assets in the last six
years in efforts aimed at raising production and extending mine
life.
-By Nicholas Bariyo, contributing to Dow Jones Newswires;
256-75-2624615 bariyonic@yahoo.co.uk