Eletrobras completes reports on proposed 8,000-MW Sao Luiz do Tapajos hydroelectric plant

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Brazil's Eletrobras has completed a technical and financial appraisal of the proposed 8,000-MW Sao Luiz do Tapajos hydropower project, the state-owned utility said.

The report -- known as an "estudo de viabilidade tecnica e economica" (EVTE) -- has been submitted to the Agencia Nacional de Energia Eletricqa (ANEEL) for review, during which time the document will also be made available for public comment.

Meanwhile, Eletrobras (NYSE: EBR) said a companion study dealing with the proposal's environmental impact will likely be submitted to the country's Institute of the Environment and Natural Resources, Ibama, later this month.

Pending approval by Brazil's regulatory agencies, bidding for the Sao Luiz do Tapajos plant could be held by the end of the year.

Sao Luiz do Tapajos is the largest component of the proposed 11-GW Tapajos hydroelectric complex.

The complex will also include hydros Jatoba (2,300 MW), Cachoeira dos Patos (528 MW), Jamanxin (881 MW) and Cachoeira do Cai (802 MW), all of which will be built on the Tapajos River, in the Amazonian state of Para.

The plants are being developed separately to avoid difficulties obtaining environmental licenses for the projects.

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