Great Basin Gold (GBG) Updates on Burnstone Power Supply Project
Great Basin Gold Ltd. (AMEX: GBG) reports on the progress of the power supply to its Burnstone Mine project in South Africa.
All design work for the first of two lines between a proposed switching station (positioned between Grootvlei Power Station and Burnstone Mine) has been completed and material ordered, with construction scheduled to commence early January 2010. The proposed refurbishment of two existing lines between Grootvlei and the proposed switching station is currently being finalized and is also planned to commence in early 2010.
The proposed commissioning date of the permanent supply that will follow a power demand buildup, as agreed between Eskom (the state-owned energy company) and Great Basin Gold, is at the end of June 2010. As an interim arrangement, Burnstone will be supplied with 25 MVA by means of a new 88 kV line. The full 51 MVA, as agreed between Eskom and Great Basin Gold, will be supplied as soon as the construction of the Switching Station as well as the refurbishment of the two lines from Grootvlei Power Station has been completed.
The electrical installation at the Burnstone Project was designed to comply with Eskom energy efficiency specifications as set out in the 'Generic Energy Efficiency Specification'. Independent certification in this regard will be done prior to activation of the energy supply, effecting the issue of an Eskom 'Energy Efficiency Compliance certificate'. In order to supplement the latter, creative power saving methods have been integrated in the design, such as the use of high efficiency motors, optimized electrical infrastructure, alternative power technologies, and state of the art power monitor and control technologies.
No regulatory authority has approved or disapproved the information contained in this news release.
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