Glencore finds cleaner, cheaper alternative to Eskom
Clean-tech company to build a power generation facility at Lydenburg smelter that will reduce carbon dioxide emissions by 80,000 tons a year
Natural resources giant Glencore has signed a deal with a Swedish clean-tech company to build a power-generation facility that will reduce emissions and cut power costs at its Lydenburg ferrochrome smelter.
The rising cost of power is a key concern of the SA smelting industry, which is taking significant strain over escalating electricity prices. With an effective tariff hike of 13.81% granted to Eskom in 2019 alone — and more scheduled in the next two years — the pressure is on for energy-intensive businesses to adapt or die.