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Pasto Bueno: Commissioning and commercial operation of the first hydroelectric plant
Pasto Bueno: Commissioning and commercial operation of the first hydroelectric plant
About this update from Dynacor Group Inc
[{"type":"text","content":"\nPasto Bueno: Commissioning and commercial operation of the first hydroelectric plant\n\n\n Apr. 9, 2009 (Baystreet.ca) -- MONTREAL -- Malaga (TSX: MLG) and its Swiss joint venture partner Emerging Power Developers S.A. (\"EPD\") are pleased to announce that their new hydroelectric plant at Pasto Bueno located in the Department of Ancash (Peru) has been put into commercial production. \nThe hydroelectric plant is made up of two Pelton type turbines (450 kW and 150 kW) and has a rated capacity of 600 kW. The hydroelectric power generated is, since January 2009, being supplied to the Pasto Bueno mine which was previously using diesel generated power on-site. \nMalaga's President & CEO, Jean Martineau, is very pleased with the development of Pasto Bueno's hydroelectric potential which not only lowers the Company's operating costs but also puts Malaga at the forefront of sustainable mining practice and a leader its sector of activity. He has further stated that \"the development of Pasto Bueno's hydroelectric potential will not only save the Company a considerable amount of money but will also allow it to reduce its emissions of greenhouse gases (CO2 essentially). Furthermore, Malaga is now 90% energy independent of the national power grid which will protect the company from any future increases in cost of energy.\" \nThe building of the new hydroelectric plant was funded through the Clean Development Mechanism (\"CDM\") under the Kyoto Protocol. \nDEVELOPMENT OF THE HYDROELECTRIC POTENTIAL \nThe Pasto Bueno property, located at an altitude of more than 4,000 meters above sea level in the Andes, has a significant hydroelectric potential. \nAn 800 kW hydroelectric plant had in past been built on the Pelagatos River and used for several years before being decommissioned at the beginning of this century. When Malaga began rebuilding the Pasto Bueno mine it also initiated its hydroelectric project. Aside from reducing its operating costs and improving its overall energy strategy the project will produce several other beneficial impacts such as job creation and technology transfer (engineering, maintenance and operational know-how). \nThe rehabilitation of hydroelectric power production at Pasto Bueno is being implemented by Hidropesac a joint venture between Malaga and its Swiss partner EPD (a company specialized in hydroelectric proje...