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Construction nearly finished at 334-MW Simplicio hydro project in Brazil

Brazil's 334-MW Simplicio hydro complex is more than 90 percent complete, a spokesperson for Brazilian state-run power company Eletrobras Furnas told wire services.

The 2.2 billion-real (US1.3 billion) hydropower complex, located in southeastern state Minas Gerais, is being developed and will be operated by Furnas alone.

Inauguration is slated for August.

Last year, Brazilian federal development bank BNDES granted Furnas a 1 billion-real loan for the project.

The Simplício hydro complex is part of the federal government's growth acceleration program, dubbed PAC.

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