Padenga to save US$750k annually in solar transition

Group chief financial officer Oliver Kamundimu told to The Financial Gazette that the solar power plant at Pickstone Peerless Mine is progressing as planned.

PADENGA Holdings (Padenga) says it will save approximately US$750 000 per year in energy costs from the installation of a solar power facility at its Pickstone Peerless Mine.This comes as Padenga is adopting renewable energy sources, mainly solar, and implementing energy-efficient technologies to reduce its carbon footprint and operating costs.Due to persistent electricity cuts nationwide,…

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