Tractebel announces Estreito completion date, Q1 financial report

BRASILIA, Brazil 5/9/12 (PennWell) -- The 1,090-MW Estreito hydroelectric plant will be fully operational by the end of 2012, according to information recently released in an investors' conference call by project developer Tractebel Energia.

Testing of the Brazilian hydropower facility -- located on the Tocantins River on the border between Tocantins and Moranhao states -- began in late-2010/early-2011, with additional turbines coming online since then.

Tractebel says five of the facility's eight turbine-generators are already producing power, with the sixth expected to begin generating by the end of June.

The company also released its first quarter financial report, which shows a 7.4% (US$171.3 million) increase in profit from the same period in 2011.

Tractebel bills itself as the "largest private sector electric energy generator in Brazil" and operates a dozen hydropower plants that have an installed capacity of 6,908 MW.  The company was selected to study coordinated management of dams in the Niger River Basin in November 2011.

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