Canadian miner Guyana Goldfields Inc. has awarded a feasibility study contract for the 62-MW Cuyuni hydroelectric project in Guyana, which would power the company’s proposed Aurora Gold Project.
Guyana Goldfields said it awarded the technical and economic feasibility study for Cuyuni to the Argentina unit of MWH of the United States. Guyana Goldfields said it is sharing the cost of the study equally with the World Bank’s International Finance Corp.
The study is to evaluate Cuyuni as a clean-energy alternative to operating the future mine on diesel-generated power. The company said the proposed hydro project offered significant benefits from both environmental and cost perspectives.
Although Guyana Goldfields did not specify the capacity of the project, the government identified a 62-MW project on the Cuyuni River at Devil’s Hole Falls. It said it signed a memorandum of understanding in 2007 granting Guyana Goldfields an exclusivity period of two years to conduct a feasibility study of a hydropower plant initially to supply 35 MW to its Aurora mining site.
Guyana Goldfields also awarded a definitive feasibility study of the Aurora Gold Project to AMEC of Canada.