Malaga Receives Positive Preliminary Results on Hydroelectric Project Feasibility Study in Peru

Malaga Inc. (TSX:MLG) and Hidropesac – a joint venture between Malaga and its Swiss partner EPD announced preliminary results from the feasibility study for the development of hydroelectric potential at the tungsten mine Pasto Bueno.

The press release is quoted as saying:

The current studies show that all the options combining the hydrological resources from the two rivers are both technically feasible and financially profitable. According to a preliminary report, the installation of a 28 MW hydro power plant is the best option with a power generation potential of between 113 to 141 GWh per year and the highest internal rate of return.

Click here to access the entire press release