The contract was agreed with Société National d’Electricité (SNEL), the national electricity company of the DRC; the Copperbelt Energy Corporation (CEC), a Zambian incorporated power transmission, generation and distribution company, which is a major developer of energy infrastructure in Africa; and Rawbank, a top commercial bank in the DRC.

The agreement to supply electricity comprises two phases: the first will run until the second quarter of 2019, with a total of 62 MW to be delivered.

Following this, the power supply will increase to 78 MW during the second phase and for the remainder of the contract.

This is an important milestone in the progress of the Metalkol project, a unique development for the global battery industry. It is an example of sustainable and environmentally conscious treatment of the local environment, and of our wider strategic ambitions in Africa,” ERG CEO Benedikt Sobotka said.