Untitled Document

Brazil's 372-MW Santo Antonio receives BNDES loan

bndes

Brazil's National Bank of Economic and Social Development, BNDES, has approved funding of up to US$354 million for the construction of the 373-MW Santo Antonio do Jari hydropower project.

BNDES said the credit will be granted to the project's operating consortium, ECE Participacoes, and accounts for about 67% of the plant's $422 million overall price tag.

The Santo Antonio -- not to be confused with a different 3,150 MW hydropower project that shares the same name -- will be located between Almeirim and Jari Orangery in Brazil's northern region.

The project is part Brazil's Growth Acceleration Program (PAC) and will create around 3,800 jobs during its construction, according to BNDES.

The bank said it expects Santo Antonio's first units to be producing power in 2014.

HydroWorld.com reported in November that BNDES had approved a $10.8 billion loan to Norte Energia S.A. for the construction of the 11.2-GW Belo Monte hydropower complex.

Related Articles

Cemig has operating right for 242-MW Jaguara hydropower plant revoked

The Brazilian Supreme Court ruled this week that utility company Cemig has no right to renew...

Three killed at Belo Monte hydropower plant worksite

Three workers were killed and several others sustained injuries when a cement silo collapsed...
Brazil Flag

Brazil's Aneel to auction operating concessions for 6 GW-worth of hydroelectric power capacity

Brazilian power regulator Agencia Nacional de Energia Eletricqa (Aneel) has announced it wil...

Bolivia seeks supervision of construction, equipment for 120-MW Misicuni hydro project

Bolivia utility Empresa Nacional de Electricidad (ENDE) invites expressions of interest from...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
03/01/2015
Volume 23, Issue 2

Buyers Guide Products