According to reports from Bloomberg, electricity produced by the project will be used by the Compagnie des Bauxites de Guinee, a firm jointly owned by the Guinea government and Halco Mining, as well local villages and miners in the region. It will be separate from Semafo’s Kiniero gold mine.
The $230M project is expected to be partly funded by the International Finance Corporation and statee-owned utility Electricite de Guinee.
Work on the project will take three years to complete and will start at the end of 2012, reports suggest.
