Brazilian power utility seeks green light for hydro dam on Angola, Namibia border

4 January 2006

Rio de Janeiro, Brazil, 4 Jan – Brazilian electricity producer and generator Eletrobas is waiting for an official go-ahead to begin operating overseas, the company’s CEO has said.

Aloisio Vasconcelos said last week that proposed legal changes to Eletobras’ statutes would allow the company to offer engineering and consultancy services outside of Brazil.

Among overseas projects being lined up by Electroras is the building of a hydroelectric dam on the River Cunene on the border between Angola and Namibia.

The 560 Mwatt dam would belong to Luanda and Windhoek and involve total investment of US$ 600 million.

Another hydro project worth US$ 260 million is being considered by Electobras in El Salvador.

Set up in 1962, Eletrobras has developed into a holding company that controls power generation and transmission companies. It is 52% owned by the Brazilian state and listed on stock exchanges in Sao Paulo, New York, and Madrid. (macauhub)