How Independent Power Producers Can Improve Sustainability
When considering power infrastructure for a mine site, there are three options available to mine operators: rent temporary power solutions, build their own power supply station or contract an independent power producer (IPP). While short-term power solutions have their benefits, independent power producers offer the best of both worlds by providing mine sites with stable, energy-efficient power which is geared for long-term results. This can improve sustainability for businesses and communities while enabling the use of renewable energy innovations. Independent power producers can improve the sustainability of a mine site in a number of ways: Renewable Energy Innovations Renewable energy is an innovative benefit of engaging an independent power producer. Not only can IPPs utilise renewable energy to boost their normal power production, but these methods can also improve cost-efficiency and reduce emissions and waste. Renewable innovations such as waste heat recapture and solar/diesel hybrid technology are what set IPPs apart and can make a large difference in reducing the cost of maintenance and downtime. IPPs which have made the investment into renewable energy will be able to both reduce costs and help to conserve the local environment. Lower Implementation Costs Constructing, running and maintaining your own power station can require a vast outlay of initial capital and, depending on the specifications of a site, can even be cost-prohibitive in the long term. Contracting an IPP avoids the temporal and financial pressures process of power station construction and ownership, saving valuable capital which can be invested into further energy efficiency measures such as renewable energy. The lower initial capital investment of an IPP means that a mining company can be more flexible with their funding, taking advantage of short-term opportunities and lowering their financial risk profile. Manage Safety Independent power producers take on the costs and risks involved in the […]