Power Costs (just comparing)

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Alexs_Pushkin

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Power Costs (just comparing)

posted on Jun 26, 2008 04:24PM

Golden Star Reports Increases in Power Costs in Ghana

"Power from the national grid in Ghana will beincreased as a result of higher world oil prices.

A decision of the Public Utilities Regulatory Committee (PURC) has been made public announcing an increase of power rates to high voltage customers, particularly mining companies and steel mills. While the details are still being negotiated, we expect the power rate increase to be effective July 1, 2008, with rates rising to a range of $0.20 to$0.24 per kilowatt-hour (kWh) compared to the present rate of $0.10 perkWh. For Golden Star this new power rate would translate into anincrease of $60 to $85 per ounce based on forecasted production.