Mining News

Kamoa Copper extends power financing agreement with DRC utility

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Kamoa Copper and its sister company, Ivanhoe Mines Energy, has extended its financing agreement with the State-owned power utility in the Democratic Republic of Congo (DRC), La Société Nationale d’ Électricité (SNEL), for the upgrade of a major turbine at the Inga II hydropower plant.

The renovation of Inga II’s Turbine 5 will add an estimated 162 MW of hydropower generation capacity. Coupled with 78 MW of hydropower from the existing Mwadingusha plant, this will provide Kamoa with priority access to 240 MW of renewable electricity.

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