• Connect With Us:
  • 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.

    Hydro Industry Financials

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Synergy Holdings Inc

    Renewable energy for residential, commercial, m...

    WorleyParsons – Brasil

    Zollern Transmissões Mecânicas Ltda

    Manufacturers of plain bearings, hydro power be...

    Potencia Industrial SA

    Manufactures hydroelectricelectric generators r...

    Rubberart Artefatos de Borracha Ltda

    Specializes in rubber seals for power generatio...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    12/01/2013
    Volume 32, Issue 10
    file
    11/01/2013
    Volume 21, Issue 6
    1311hrw-cvr

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space