Untitled Document

Brazil's Furnas increasing hydroelectric project development to meet World Cup, Olympic demands

Brazil Map

A recent operations report from Furnas said the Brazilian utility will increase its hydroelectric project investments in an effort to meet the anticipated demand caused by the 2014 FIFA World Cup and 2016 Olympic Games -- both of which are being hosted by the South American country.

The plan will be put to a shareholder vote April 29 and call for investments of US$3.3 billion. That mark is up about $265 million from the previous budget period.

The money primarily benefit the 3,140-MW Santo Antonio, 1,850-MW Teles Pires, 334-MW Simplicio and 52.2-MW Batalha hydropower projects, Furnas said, increasing the company's installed capacity to 17 GW.

For more Brazilian news, visit here.

Related Articles

IHA new hydropower report

International Hydropower Association releases 2015 Hydropower Status Report

The International Hydropower Association announces availability of its 2015 Hydropower Statu...

China Three Gorges buys majority shares in two Brazilian hydropower projects

Brazilian infrastructure group Triunfo Participacoes e Investimentos S,A. .has agreed to sel...

Proposal could ease financial burden imposed on hydropower project operators during Brazil's drought

A provisional decree approved by Brazil's legislature yesterday would allow hydroelectr...

Brazil's Colider, Baixo Iguacu hydropower projects receive Copel financing

An earnings statement from Copel shows the Brazilian utility intends to spend about US$100 m...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

07/01/2015
Volume 34, Issue 6
07/01/2015
Volume 23, Issue 4

Buyers Guide Products