NOA has signed a renewable energy supply agreement with Idwala Industrial Holdings that is expected to reduce electricity costs, improve price certainty and support the company's decarbonisation strategy.
Industrial minerals producer Idwala Industrial Holdings has signed a renewable energy supply agreement with NOA in a move aimed at reducing electricity costs, improving long term price certainty and supporting the company's decarbonisation strategy.
The agreement will see NOA supply renewable electricity through a wheeling arrangement that complements Idwala's existing and planned embedded solar generation facilities, creating a blended energy solution across some of the group's most energy intensive operations.
The deal comes as energy intensive manufacturers continue to face above inflation electricity tariff increases from Eskom, placing pressure on the competitiveness of locally produced industrial minerals against imports.
Wayne Brown, Managing Director of Idwala Industrial Holdings, said the agreement would deliver meaningful long term savings while strengthening the company's operations.
