Firm expanding into renewables while responsibly managing its coal assets.
Their main business is coal, but for Seriti mining company, the future is green and it is investing heavily in renewable energy projects.
During the unveiling of Seriti Green's first majority blackowned wind farm in Mpumalanga, chair and group CEO of Seriti Resources, Mike Teke, said they were "positioned as an energy business".
"We cannot just shut down about 16 coal-fired power stations. There is a role to be played by coal into the near future," he explained.
Teke noted "as part of our energy business strategy, we explored global opportunities in wind, solar, nuclear and coal".
"Seriti is focused on expanding into renewables and green energy opportunities, while responsibly managing our coal assets. This balanced approach is crucial for our energy transition goals," he said.
The energy company said the first phase of the construction of the 155MW Ummbila Emoyeni wind energy facility was underway and would be complete by July 2026.
This story is from the July 19, 2024 edition of The Citizen.
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This story is from the July 19, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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