SolGold PLC Announces MOU for Sustainable Hydro-Solar Energy at Cascabel - Seite 2

It is envisioned that the Project's financing will be secured through a combination of sources, including international financial institutions and other global entities specializing in sustainable energy investments. These partnerships could provide the necessary capital to fund construction and operational expenses, ensuring the Project's successful implementation. The utilization of hydroelectric and solar power sources offers the Project significant potential cost savings over traditional energy sources, ensuring long-term operational efficiency and sustainability. These renewable energy sources provide a reliable and consistent power supply, minimizing the risk of disruptions and enhancing operational stability.

Furthermore, this initiative is expected to have a profound positive impact on local communities surrounding the Cascabel. Through job creation, skill development, and infrastructure improvements, the Project will support economic growth and enhance the overall quality of life for residents in the region.

Grupo Empresarial Semaica, with a rich history dating back to 1956, has established itself as a leading construction company in Ecuador, renowned for its expertise and commitment to quality. Semaica has successfully executed various projects across various sectors, including infrastructure development, commercial construction, and renewable energy initiatives. Notable examples of Semaica's projects include the construction of highways, mine tunnels, bridges, and hydroelectric power plants, demonstrating its capabilities in delivering large-scale, complex projects that contribute to Ecuador's economic growth and development.

Ing. Mauricio Martinez Fernández, President of Semaica Business Group, added, "We are thrilled to embark on this partnership with SolGold. The world's demand for copper is ever-growing, and Ecuador requires increased energy capacity. Semaica is honoured to address these global and local needs by collaborating on one of Ecuador's largest private energy initiatives. We are dedicated to advancing this Project sustainably in cooperation with all stakeholders involved."

Enerhydra is a Brazilian-Argentinian engineering firm based in the United States with a strong presence in Ecuador, specializing in the design and implementation of innovative energy solutions. Utilizing its extensive experience and technical expertise, Enerhydra has played a pivotal role in the development of numerous hydroelectric projects throughout the Americas. From feasibility studies to project execution, Enerhydra has consistently delivered tailored solutions that optimize energy production and minimize environmental impact. Notable examples of Enerhydra's projects include the design of hydroelectric power plants in Brazil, Peru, and Ecuador, demonstrating a proven track record in developing sustainable energy infrastructure that meets the needs of local communities while promoting long-term environmental sustainability.