Russia miner buys from 920-MW Kolymskaya, 570-MW Ust-Srednekanskaya

Russian gold miner Polyus Gold has agreed to purchase electricity from the 920-MW Kolymskaya hydroelectric project and the 570-MW Ust-Srednekanskaya project, upon its completion, to power its future Natalka mine in Russia’s Magadan Region.

Polyus said it signed a power purchase agreement with HydroOGK, the world’s second-largest hydroelectric generator after Canada’s Hydro-Quebec, which is changing its brand to RusHydro. (HNN 3/5/08)

The agreement covers preliminary arrangements regarding the terms of power supply and specifies technical solutions for the project, Polyus said. The miner and the utility agreed to supply Natalka initially by 220-kilovolt line from Kolymskaya on the Kolyma River, and later from Ust-Srednekanskaya, being built on the Kolyma, and new power lines when they are completed.

Ust-Srednekanskaya is to generate 2.5 billion kilowatt-hours per year upon completion in 2012.

Polyus said it had studied the possibilities of various power companies to participate in the project, based on principles of a state-private partnership. It said that resulted in the agreement with HydroOGK.

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