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IFC funds Dugbe hydro-power study

South Africa’s Knight Piésold will look more closely at the economics of a proposed 20-30MW hydro-electric power plant near Hummingbird Resources’ 4.2-million-ounce Dugbe 1 gold project in south-east Liberia. An earlier desktop review indicated the plant could cut Dugbe’s operating costs and provide an infrastructure boost for the region.

London-listed small-cap Hummingbird has engaged the IFC Global Infrastructure Project Development Fund and emerging-market power infrastructure developer Aldwych International to help fund a