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Serra do Facao hydro plant to start operations within three months

Brazil's 210-MW Serra do Facao hydropower plant is projected to come online within three months, the president of project developer Serra do Facao Energia consortium told wire services.

The Serra do Facao hydro project initially was planned to come online in October 2010.

The plant is located in the Brazil's center-western state of Goias.

Total investment in the project is set to reach 1billion reais (US$559 million), Business News Americas reported.

The Serra do Facao Energia consortium is formed by Brazilian federal power company Furnas (49.5 percent), U.S. aluminum maker Alcoa (30 percent), Brazilian power company DME Energetica (10 percent) and construction company Camargo Correa (10.5 percent).

In other news, Brazil's Odebrecht could in September begin construction of the 360-MW Chaglla hydro project in Peru, according to wire reports.

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