Untitled Document

Brazil's 192-MW Garibaldi hydropower plant entering operation early

Canoas River

Brazilian developer Triunfo Participacoes e Investimentos has received regulatory approval to begin commercial operation of the main units at the 192-MW Garibaldi hydropower plant.

The go-ahead comes about 16 months before the January 2015 deadline set by the Agencia Nacional de Energia Eletricqa (ANEEL).

Triunfo said about 70% of the project's output has already been sold under a 30-year concession contract for US$58 per/MWh.

Garibaldi will be operated by Triunfo subsidiary Rio Canoas Energia. The project is located on the Canoas River in the southern state of Santa Catarina.

HydroWorld.com reported that Brazil's Bank of Economic and Social Development, BNDES, had paid the second part of a $108.4 million loan to the developer in January.

For more news from Latin America, visit here.

Related Articles

China's State Grid to construct longest transmission line in Brazil as part of Belo Monte hydroelectric project

China's State Grid has been awarded a contract to build and operate a second transmission li...

Brazil seeks regional development plan for hydropower project sites

Brazil's mines and energy ministry invites expressions of interest from consultants to help ...

Norte Energia awards supply contracts for Brazil's 11.2-GW Belo Monte hydroelectric plant

Brazil's Norte Energia has awarded a pair of contracts for the supply of mechanical equipmen...

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...

Recent Comments

Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

Volume 34, Issue 5
Volume 23, Issue 4

Buyers Guide Products