Untitled Document

Eletrobras announces interest in Sao Manoel, Itaocara hydropower projects


Brazil's state-owned power company Eletrobras has announced its intention to bid on a pair of large hydropower projects in the country's upcoming A-5 power auction, president Jose da Costa Carvalho Neto said.

Speaking during a recent press conference, Carvalho Neto said Eletrobras (NYSE: EBR) will bid for the 700-MW Sao Manoel and 145-MW Itaocara projects, both of which are located in Brazil's Mato Grosso state.

"We are already looking at these projects to give us as much time as possible," Carvalho Neto said. "We are interested, especially in projects that are already structured."

The A-5 auction takes place December 13 and could include five other hydropower projects as well, assuming developers can obtain necessary licenses.

Carvalho Neto also indicated a possible partnership with Chinese company State Grid in developing the transmission line for Brazil's 11.2-GW Belo Monte hydropower complex.

The December A-5 power auction is Brazil's second of the year. The previous was held in August.

For more news from Brazil, 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

Volume 34, Issue 6
Volume 23, Issue 4

Buyers Guide Products