Government on Thursday signed a Memorandum of Understanding (MOU) with Canadian companies,[url=http://www.cheapjerseysfan.us@#$%&/]Authentic Jerseys Cheap[/url], Sandsprings Resources Incorporated and CM Power, to undertake further feasibility studies and other measures to develop a 60 MW hydropower project on the Kurupung River, Region Seven.MOU Signing: From left is Sir Shridat Ramphal,[url=http://www.nfljerseyscheaponline.us@#$%&/]Wholesale NFL Jerseys Online[/url], Adviser to Sandspring Resources Inc., Rich Munson, CEO of the Company,[url=http://www.salecheapjerseys.us@#$%&/]NFL Jerseys Authentic Cheap[/url], Prime Minister Samuel Hinds, Minister of Natural Resources Robert Persaud; Major General (Rtd) Norman McLean, Advisor to Sandspring Resources, and Morsha Johnson, of Office of the Prime Minister.Representing government were Prime Minister,[url=http://www.cheapestnfljerseys.us@#$%&/]Cheap NFL Jerseys China[/url], Samuel Hinds, and Minister of Natural Resources and the Environment, Robert Persaud.According to the statement from Government, CM Power is a company registered in Guyana which is affiliated with ETK Inc., both subsidiaries of Sandspring Resources.?It intends to initiate operations at Toroparu where it has been developing a mineral property, utilising electrical generation equipment to convert hydropower generation through the development of Kurupung River Hydropower project (KRHP).Signing the MoU for the Government was Prime Minister Hinds and on behalf of Sandspring Resources Inc., was its Chief Executive Officer and Director, Rich Munson. The signing took place at the Office of the Prime Minister.Hinds explained that the MOU gives CM Power authority to maintain studying the project site and to expand plans to the level of an application for a licence to be approved.?Along the way there will be an Environmental Impact Assessment to give opportunity to persons who may be involved or affected, to get them to know what is intended, to give them an opportunity to raise their concerns and to seek ways in which reasonable concerns may be ameliorated or mitigated,? he stated.Sandspring Resources Chief Executive Officer, Rich Munson, lauded the prudence shown by the government in recognising that the successful implementation of mining operations will be enhanced by a stable power supply.?Having an electrical power supply of this nature in Region Seven will certainly attract other industries, as well as other mining companies,[url=http://www.wholesalesportsjerseys.us@#$%&/]Wholesale Authentic Jerseys[/url], so this is a very significant event obviously not only for Sandspring, but for Guyana also.?Minister Persaud, commenting on the Toroparu project, said that with a preliminary resource approximation of four million ounces of gold,[url=http://www.wholesalesportsjerseys.us@#$%&/]Cheap Jerseys From China[/url], it is a leading project that can adequately aid in developing Guyana?s natural resources.He noted that the KRHP is welcome, especially from an environmental position and if completed, it would be a vehicle for developing not only mining,[url=http://www.nfljerseyscheaponline.us@#$%&/]China Jerseys Online[/url], but new settlements and agriculture.Sandspring Resources was given permission to undertake feasibility studies for the KRHP near the Kumarau falls in December 2010.The site which was evaluated by the United Nations in the 1970s was deemed to have potential for hydropower development.Last year, CM power applied to the Government for a licence to further develop the project.