Wednesday, February 23, 2011

Yukon Energy seeking renewable energy for gold mine

Yukon Energy will need more renewable energy if it wants to supply electrcity to a proposed gold mine in the Yukon Territory of Northern Canada without relying on diesel generation.

Yukon Energy's President, David Morrison stated that the publicly owned utility is in the process of identifying more sources of renewable energy in time to support Victoria Gold Corp.’s Eagle Gold project north of Mayo at Dublin Gulch in the Yukon Territory.

Yukon Energy and Victoria Gold Corp. signed a letter of intent earlier this month committing themselves to negotiating a PPA to supply the Eagle project by early 2014 or sooner.

Yukon Energy is currently determining how much more renewable energy can be added into the grid, including a large wind project on Ferry Hill overlooking Stewart Crossing. There is also ongoing research into geothermal projects involving the use of underground water resources that may be hot enough to drive steam turbines.

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