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Petra Diamonds Goes Green

Petra Diamonds, the diamond mining company with mines in South Africa and Tanzania, has signed a long-term power purchasing agreement with Etana Energy, South African energy supplier, to provide its South African operations at Cullinan and Finsch with renewable energy from Etana's existing and future wind and solar projects. Etana will supply between 36% and 72% of the estimated energy requirements starting from financial year 2026 onward, aimed at reducing Petra's GHG emissions well ahead of the 2030 target.

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Petra Diamonds enters into long-term renewable energy deal

Petra Diamonds Ltd- diamond mining group with operations in South Africa and Tanzania - On Thursday, says it entered a milestone long-term power purchase agreement for renewable energy procurement..

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Petra Diamonds enters milestone PPA

Petra Diamonds enters milestone PPA
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Petra Diamonds Ltd - Entry into long-term Power Purchase Agreements for renewable energy procurement

Petra Diamonds Ltd - Entry into long-term Power Purchase Agreements for renewable energy procurement
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Petra signs PPAs to procure wheeled renewable energy for Cullinan, Finsch

Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced South African energy trader Etana Energy. Etana provides cost-competitive clean energy from new large-scale renewable energy projects, mostly wind-based, through wheeling over the existing South African grid. The company has a portfolio of multiple ready-to-build and grid-secured wind and solar projects that are expected to come online over the course of 2025 and 2026.

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