Petra Diamonds is pursuing green energy goals

Petra Diamonds (GB:PDL) has released an update.

Petra Diamonds has signed long-term power purchase agreements with Etana Energy to supply renewable energy to its mines in South Africa, with the goal of reducing greenhouse gas emissions by 35-40% by 2030, a goal they expect to achieve with high in advance. The move is part of Petra’s broader sustainability strategy and is also expected to result in savings in energy expenditure. Etana Energy will deliver wind and solar energy through the existing grid, contributing to economic and environmental benefits for Petra and its stakeholders.

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