Ndalamo Energy, a subsidiary of Ndalamo Resources, has announced the successful outcome of the prefeasibility study for its first energy project, marking a significant step forward in the company’s ambitious growth and diversification strategy.
This achievement is complemented by the recent acquisition of Wonderfontein, Ndalamo's first wholly owned coal mining operation, cementing the company’s position as a formidable player in the mining and energy sectors. The prefeasibility study has identified Wonderfontein Colliery as the ideal site for its new energy initiatives.
The study outlines plans to develop a 66 MW Solar PV project on a 136-hectare footprint within this fully owned operation. The project will be rolled out in two phases: the first 10 MW phase will power Ndalamo’s own operations, with the remaining 56 MW aimed at supplying other customers through Ndalamo’s TradingCo subsidiary. The initial phase includes key infrastructure upgrades such as a 6.6 kV substation to enable net metering and an existing 22kV line for power distribution across Ndalamo’s mining operation sites – namely North Block Complex and New Clydesdale Colliery in the Mpumalanga Province.
Ndalamo Resources CEO, Shammy Luvhengo expressed his enthusiasm for these developments: “The successful completion of the prefeasibility study and the acquisition of Wonderfontein are testaments to our dedication to growth and diversification. These milestones not only strengthen our portfolio but also enhance our ability to contribute to South Africa's energy and mining landscape meaningfully. These developments come at a crucial time as we continue to expand our footprint in the mining and energy sectors.
He adds: “The outcomes of the prefeasibility study are highly encouraging and validate our strategic direction. Our goal is to drive progress that benefits not only our stakeholders but also the broader community and economy. The prefeasibility study is a critical milestone in Ndalamo Energy's strategic roadmap, which has confirmed the viability of our energy initiatives, paving the way for further development and expansion.
The study underscores our commitment to sustainability and innovation, aligning with the company’s broader goals of becoming a leading force in the energy market.” The Wonderfontein acquisition represents a significant achievement for Ndalamo, which has previously operated in joint ventures, with Universal Coal. Wonderfontein’s integration into Ndalamo’s portfolio will bolster the company’s mining operations and offer greater control and flexibility in driving its strategic objectives.
Nikash Rughubir - Executive Head of Energy at Ndalamo Resources said: “This Solar PV project is a cornerstone of Ndalamo’s strategy to lower our carbon footprint, increase energy security, and drive sustainable growth. By directly offsetting energy demand at key sites, the project promises significant cost savings and improved energy reliability. The scalability of the project supports future revenue generation by allowing Ndalamo to sell energy to external off takers. This initiative is also a critical part of our broader Environmental, Social, and Governance (ESG) goals, contributing to climate change mitigation, job creation, and community upliftment.”
