INF 1.89% 5.2¢ infinity lithium corporation limited

Ongoing SP Discussion, page-1189

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    The autonomous community of Extramadura is known as the energy province and little wonder why. With atomic power plants,wind and solar farms, and hydroelectric power from dams generating power, the new lithium world would be easily coped with in a professional manner.

    From Wikipedia : Energy[edit]About half the value of the regional industrial production belongs to the energy sector.[60] Extremadura presents a huge energy surplus, producing about four times the energy it consumes.[60] This situation has led to the characterization of Extremadura as a potential "colony" of the private electricity companies, which are not taxed in the region and employ a relatively low share of the industrial workforce.[60] The Tagus is dammed in the reservoirs of Alcántara, Torrejón and Valdecañas whereas the Guadiana is dammed in the reservoirs of Cíjara, Puerto Peña, Orellana and Zújar.[61] Due to the orographic conditions, the Tagus is better suited for hydroelectric use than the Guadiana.[61] As of 2021, the region has around 2,193.84 MW of installed hydroelectric power, primarily controlled by Endesa and Iberdrola, with a lesser role of Grupo Pitarch.[60]The two reactors of the Almaraz Nuclear Power Plant (which were put in operation in 1981 and 1983, respectively) are jointly operated by Endesa, Iberdrola and Naturgy.[60] They generate a power of 1,048.43 MW and 1,044.45 MW.[62]The region is at the forefront of Spain's plans for energy transition and a decarbonisation, thanks to the installation of large solar power plants and the granting of lithium mining licenses.[63] However, such prospects have sparked criticism and concern regarding how to avoid a "third energy colonisation" after those of the construction of reservoirs for hydroelectric use and the building of nuclear power plants.[63] Two of the largest photovoltaic power plants in Europe are located in the region: Francisco Pizarro (590 MW) in Torrecillas de la Tiesa and Núñez de Balboa (500 MW) in Usagre; both are operated by Iberdrola, which is developing another 6 photovoltaic plants collectively amounting to 1,300 MW.[62] The first solar thermal power plant in the region, Alvarado I, (50 MW) opened in 2009.[64]A project to build a lithium-ion battery factory participated by Envision in Navalmoral de la Mata was announced in June 2022.[65]


 
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