Enernet acquires KPS Power Africa

Acquisition aimed at cutting costs and increasing energy resilience
Enernet acquires KPS Power Africa Enernet acquires KPS Power Africa Enernet acquires KPS Power Africa Enernet acquires KPS Power Africa Enernet acquires KPS Power Africa

Acquisition aimed at cutting costs and increasing energy resilience

Enernet Global, a US-based distributed energy service, has acquired KPS Power Africa (KPSA) to decarbonise the African mining sector and related supply chains.

Paul Matthews, Enernet Global's chief executive officer, said its "world-leading expertise" on renewable hybrid plants and competitive capital would enable it to bring "a unique solution across Africa."

Going further, Matthews explained that mines are under increasing pressure to reduce scope 1,2 and 3 emissions.

Ben Zikmundovsky, KPSA's general manager, said the agreement would allow both companies to advance hybrid power generation within the African mining sector.

"KPSPA has increased its exposure to the renewable energy market and Enernet Global its presence in the African mining industry, which is ideally positioned for a renewable hybrid system," Zikmundovsky explained.

The companies said they would sell energy and services through power purchase agreements, which would enable them to deliver specifically tailored systems at no capital cost to the customer.

They said this would lower costs, increase energy resiliency, and dramatically reduce emissions in mines in Africa.

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