SolGold eyes hydro-solar energy for Cascabel copper-gold project

SolGold eyes renewable energy for its project. Photo by SolGold
SolGold eyes renewable energy for its project. Photo by SolGold

New deal Australian miner SolGold has unveiled the signing of a memorandum of understanding (MOU) with Grupo Empresarial Semaica, a large construction company in Ecuador, and Enerhydra, a U.S. company. This cooperation is to spearhead a significant hydro-solar initiative to power SolGold's flagship Cascabel copper-gold project.

 

The MoU for the Ecuador-based project delineates the shared objectives and responsibilities of each party towards the development of a sustainable Power Project … that will deliver approximately 200 megawatts of clean, renewable energy to the Cascabel site,” the miner said in a statement.

 

Most recently, SolGold signed a joint declaration with the Ecuadorian government in preparation for the implementation of the complementary Investment Protection Agreement (IPA) for the copper-gold project.