NGM today announced they are partnering with
NGM has commenced detailed engineering and expects to begin construction in the third quarter of 2022. The modules supplied by
Ensuring that the selected contract partner for this project fully supported NGM’s values was a top priority for the company. NGM chose to contract with a supplier who is committed to fair labor practices, investing in American manufacturing and American jobs, and is one which will deliver high performance solar panels with the lowest carbon footprint and the best environmental profile available today. Although this process has been time-consuming, it has allowed the company to optimize the project schedule to commission both phase I and phase II by early 2024.
NGM has committed to a 20% carbon reduction by 2025. This will be achieved through the 200 (MW) solar array construction and the conversion of NGM’s coal fired power plant to cleaner burning natural gas.
“The project is the latest in a series of carbon-reducing initiatives across the group’s global operations,” says Barrick group sustainability executive
NGM has a strong focus on environmental management practices and is a committed custodian of the unique lands, waters, flora, and fauna within the state of Nevada. Barrick is targeting an overall 30 percent reduction in emissions by 2030 against its 2018 baseline with the goal of achieving net-zero by 2050.
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Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “advance”, “drive”, “invest”, “expect”, “ensure”, “allow”, “optimize”, “target”, “goal”, “commit”, “vision”, “develop”, “maintain”, “will”, and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick’s and NGM’s climate change strategy and associated greenhouse gas emission reduction targets, including Barrick’s ultimate vision to achieve net zero emissions by 2050; the anticipated environmental benefits of the new solar power plant at NGM and partnership with
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