Page 12 - AfrElec Week 37 2022
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AfrElec RENEWABLES AfrElec
Chariot Limited makes
green progress in
Zambia, South Africa
SOUTH AFRICA TRANSITIONAL energy developer Chariot Chariot having the right to invest up to 49% into
Limited has started building two solar and wind the co-developed mining projects. Total Eren is
projects at two mines, one in South Africa and a renewable energy subsidiary of EREN Groupe.
the other in Zambia, the ASX-listed company TotalEnergies has been a shareholder in Total
said when posting unaudited interim results for Eren since December 2017.
H1 2022 on September 14. Chariot reported that is was debt-free and
“Working alongside Total Eren, our team had a cash balance of $23.4mn at 30 June 2022,
has continued to leverage their expertise and up from $19.4mn as at 31 December 2021 fol-
network securing two substantial new projects lowing the equity fundraising completed in June
within the first half of the year with a 40MW 2022 which raised gross proceeds of $29.5mn.
solar plant now in development at Tharisa’s Chief executive officer Adonis Pouroulis
PGM and chrome mine in South Africa, and a said the company delivered significant progress
430 MW solar and wind partnership underway across all areas of its business.
at First Quantum’s Kansanshi copper gold mine “It has been a busy time but our focus remains
in Zambia,” it said. on securing and developing large-scale, scalable,
“Both projects are flagship initiatives within first-mover positions in projects that can diver-
these countries and will follow a similar devel- sify the energy mix, potentially reduce carbon
opment path to that of IAMGold’s exemplary emissions, support greener industrial develop-
operational 15GW solar project at the Essakane ment and facilitate access to affordable, accessi-
gold mine in Burkina Faso, our first renewable ble energy for all. In delivering this strategy, we
project in which we hold a 10% stake.” are looking to play a material role in the energy
Chariot extended its partnership with Total transition whilst creating value and generating a
Eren, a French independent power producer wide range of positive impacts for all stakehold-
with a global footprint, from January 2022 with ers,” Pouroulis said.
P12 www. NEWSBASE .com Week 37 15•September•2022
