Evolution Mining has secured a long-term power supply agreement with AGL Energy for its Cowal Gold Operation in New South Wales.
The agreement, effective from January 2023, is expected to significantly reduce energy overheads for the operation, currently representing seven per cent of Evolution Mining’s total costs for the project, which has been operating since 2014.
Under the terms of the partnership, a growing portion of power supplied to the Cowal Gold Operation will be sourced from renewable sources, servicing Evolution Mining’s commitment to a 30 per cent reduction in carbon emissions by 2030.
Evolution Mining’s Executive Chair, Jake Klein, said the agreement was an important milestone for the project.
“This is a very important milestone for Evolution. In a very challenging energy market, we have been able to secure both a long-term, competitively priced power contract for Cowal and a growing renewable component that provides us a clear pathway to reducing our energy emissions,” Mr Klein said.
“We will continue to look for new ways to further reduce emissions from our fixed plant and mobile equipment to deliver on our net-zero commitment by 2050.”
