Under this arrangement, CMTQB will source 118 Megawatts (MW) for Quebrada Blanca Phase 2 from AES Gener’s growing renewable portfolio of wind, solar and hydroelectric energy, in addition to the 21 MW of solar power already contracted from
The transition to renewable power will replace QB2’s previous fossil fuel power sources which will avoid approximately 800,000 tonnes of greenhouse gas (GHG) emissions annually. That is equivalent to the emissions of about 170,000 combustion engine passenger vehicles – equal to permanently parking more than half of all the cars in the
“Switching to renewable power for QB2 is part of Teck’s ongoing work to reduce emissions, achieve carbon neutrality across our business, and support global action on climate change,” said
“We are proud to work with our customers in the transition to a low-carbon energy future,” said
“Securing zero-carbon, renewable power for QB2 is part of Teck’s commitment to environmental responsibility in every aspect of our business,” said
“At AES Gener, we are contributing to the mining sector's goal of being more sustainable while supporting the decarbonisation of the Chilean energy matrix. With our Greentegra strategy and our Coal to Green solution, we enable our customers to become greener and more competitive by replacing coal-based energy sources with renewables," said Ricardo Manuel Falú, AES Gener’s Chief Executive Officer.
QB2 is one of the world’s largest undeveloped copper resources. It is currently under construction and when complete, will be a premier asset with low operating costs, an initial mine life of 28 years and significant potential for further growth. In addition to renewable power, QB2 will also feature the first large-scale use of desalinated seawater for mining in the Tarapacá Region of
This week, Teck announced a goal of becoming carbon neutral across its operations and activities by 2050. This objective builds on Teck’s progress on climate action to date, including implementing projects and initiatives to reduce GHG emissions at its operations by 289,000 tonnes since 2011 – the equivalent to taking over 88,000 combustion engine cars off the road – and 81% of Teck’s current total electricity consumption is from renewable energy sources.
Similarly, AES is committed to reducing its carbon intensity by 50% by 2022 and 70 percent by 2030, compared to a 2016 baseline. Aligned with that goal,
The renewable power arrangement will come into effect as early as
The terms of the agreement are confidential.
Forward-Looking Statements - Teck
This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, ultimate sources of power under the QB2 power arrangements; cost of decarbonisation and other climate impact initiatives; delays in construction or operation of the QB2 project; permitting issues or changes in laws or regulations regarding the QB2 project or expansions; failures in performance by contractual counterparties, and other risk factors as detailed from time to time in Teck's reports filed with Canadian securities administrators and the
Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the
About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in
About AES
About
Teck Media Contact:
Public Relations Manager
604.699.4368
chris.stannell@teck.com
Teck Investor Contact:
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604.699.4621
fraser.phillips@teck.com
Teck Chile Media Contact:
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pamela.chait@teck.com
AES Media Contact:
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gail.chalef@aes.com
AES Investor Relations contact:
+1 703-682-6451
Ahmed.pasha@aes.com
AES Gener Media Contact:
+56 226808947
adriana.roccaro@aes.com
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