ZIMPLATS says it has committed US$35,4 million to fund the first phase of its 35 megawatts (MW) solar plant at the Selous Metallurgical Complex, against a budget of US$37 million.
In a trading update, the platinum group metals (PGMs) producer said it obtained a 185MW power generation licence last year, which is scheduled for completion in 2027 at a total estimated cost of US$201 million.
“By the end of the quarter under review, a cumulative US$1,1 million had been spent on the first phase of its solar project, a 35MW solar plant at the Selous Metallurgical Complex, and US$35,4 million had been committed, against a budget of US$37 million,” the company said.
“The first of the project’s four implementation phases is progressing as planned, with the final phase scheduled for completion in FY2027, at a total project cost estimate of US$201 mill
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