cnw




Toronto Stock Exchange: G New York Stock Exchange: GG




VANCOUVER, Jan. 25 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today announced the signing of a Power Delivery Agreement with a
subsidiary of InterGen, the global power generation company with power
plants located in Mexico, the UK, the Netherlands, the Philippines and
Australia. The agreement will see InterGen construct and operate a
200-250MW gas-fired combined cycle power plant to deliver electricity
to the Penasquito mine in Zacatecas, Mexico for a minimum term of 20
years. This Agreement helps secure a long-term supply of electricity
to Penasquito at stable pricing with anticipated substantial cost
savings compared to current arrangements.


Later this year, and during construction of the new plant, Penasquito
will also benefit from an interim reduction in existing electricity
rates. The project is subject to regulatory and environment approvals
and is expected to begin construction later this year with completion
by 2014.


Goldcorp is one of the world's fastest growing senior gold producers.
Its low-cost gold production is located in safe jurisdictions in the
Americas and remains 100% unhedged.