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Copel to invest US778 million in Colider hydro project in Brazil

Brazil's Parana state power firm Copel has signed the concession agreement with the Brazilian mines and energy ministry to build and operate the 300-MW Colider hydropower project, news agencies reported.

Under the agreement, Copel will invest about 1.3 billion reais (US$778 million) in the hydroelectric project, Business News Americas reported.

The Colider hydro plant will be located in the Brazilian center-western state of Mato Grosso. The plant is planned to come online in December 2014.

Copel won the hydro project in a government auction in July of last year. The company offered the lowest power rate for the project at 103.40 reais/MWh, Business News Americas previously reported.

In other news, Brazilian utility sector regulator Aneel recently authorized commercial operations at one of the two generator units at the 19.4-MW Figueiropolis small hydropower plant.

In a regulatory filing, Aneel okayed operations at the generator unit 1 with 9.7 MW of installed capacity.

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