Canada's Semafo Inc. mining firm is planning to build a hydropower plant in Guinea, project developers told wire services.
The $230 million, 130-MW hydro plant will be constructed on the Cogon River, which in the Boke region, Bloomberg reported.
The electricity from the hydro project will be used by the Compagnie des Bauxites de Guinee, a miner of the ore used in aluminum jointly owned by the Guinea government, and Halco Mining, as well as a partner in the project. Power will also be supplied to local villages and other miners in the area.
Production will start at the end of 2012, with completion projected for 2015, reports indicate.
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