NIC commences commissioning of its Angel Nickel Project

Nickel Industries Limited (ASX: NIC) announced that its 80% owned Angel Nickel Project has begun commissioning of its 380MW power plant within the Indonesia Weda Bay Industrial Park on Halmahera Island. The commissioning of its power plant is ahead of schedule and follows the early commissioning of the project’s 4 RKEF lines between January to May this year, which is well ahead of the contracted delivery month of October 2022.

The power plant has been operating at approx. 80% of nameplate capacity, restricted by power availability within the IWIP electricity grid, however, with its own power source coming online, production levels at the project are expected to increase to approx. 130% of nameplate capacity, in line with the historical outperformance above nameplate capacity of the company’s established Hengjaya and Ranger RKEF projects.

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