NovaGold updates study, boosts capacity of 195-MW Forrest Kerr

NovaGold Resources Inc. said Feb. 25 it plans to increase the generating capacity of its proposed 115-MW Forrest Kerr hydroelectric project on the Iskut River to 195 MW.

NovaGold subsidiary NovaGreenPower and Hatch Energy are updating a feasibility study of the run-of-river project, 175 miles north of Prince Rupert, B.C. NovaGold said the new feasibility work is to be completed by the end of June.

The company said the project must go through an environmental approval process to authorize the capacity increase.

NovaGold acquired the project through the 2006 acquisition of Coast Mountain Power, developer of Forrest Kerr and two other hydropower projects proposed for areas near NovaGold’s Galore Creek copper-gold project in northwestern British Columbia. (HNN 6/2/06) The other projects are 60- to 70-MW More Creek and 55- to 60-MW Mclymont Creek.

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