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Volcan buys 1.25-MW Tingo small hydropower plant from Trevali

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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.

For more news from Latin America, visit here.

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