Peruvian mining company Volcan has submitted a corporate filing to capital market regulator Superintendencia del Mercado de Valores (SMV) to purchase the 1.25-MW Tingo small hydropower project.
The plant, formerly owned by Trevali Renewable Energy Inc., can be expended to have an output capacity of almost 9 MW. The US$13.5 million deal also includes two power lines, with energy being produced at Tingo being sold by Volcan back to Trevali under a nine-year agreement.
The Canadian Trevali Resource Corporation announced the creation of the renewable arm in March 2009 for the express purpose of developing the Tingo plant.
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