Nordgold to Build Solar Power Station at Burkina Faso Mines

London, United Kingdom, 22 October 2019 - Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, has entered into an exclusive agreement with Total Eren, Independent Power Producer (IPP) specialised in renewable energies and Africa Energy Management Platform (AEMP), its strategic development partner (the “Consortium”) to construct a 13 MW Solar photovoltaic (PV) power plant. The new power station will provide 100% renewable energy to Nordgold’s Bissa and Bouly mines in Burkina Faso.

Construction of the power plant will begin shortly, with completion expected in the fourth quarter of 2020. The new Solar PV will provide Bissa and Bouly with power for both mines’ daily operational needs, thereby significantly reducing reliance on the existing thermal power plant. In addition to significantly enhancing the environmental sustainability of the mines, the solar plant will increase security of supply, and reduce costs at both mines.

Under the terms of the agreement, the Consortium will develop, finance, construct and operate a solar PV plant complemented by a Battery Energy Storage System, reducing the mines fuel consumption by approximately 6.4 million liters and CO2 emission by approximately 18,000 tonnes per year. The new Solar PV will also create a number of full-time roles for local employees in addition to over a thousand currently employed at the mine sites.

“At Nordgold, we are deeply committed to our role as a responsible miner and constantly strive to minimise the impact that our operations have on the local environment. By building this new solar power plant, not only will we improve the efficiency of our mines by creating a more secure power supply at lower cost, but we are also helping to make our Burkina Faso mines far more sustainable, while minimising our carbon footprint. We already have in place a number of important environmental initiatives aimed at protecting biodiversity around our mines. The installation of a solar power plant at Bissa and Bouly, Nordgold’s key assets in terms of production, is in line with our strategy of implementing the best environmental standards across our operations.” Nikolai ZelenskiNordgold CEO

Nordgold
Andrei Naumov
Media Relations Specialist
Tel: +7 495 644 4473

Powerscourt
Peter Ogden
Giles Read
Tel: +44 (0) 20 7250 1446