Brazilian government announces tender for power generation

14 March 2006

Sao Paulo, Brazil, 14 March – The Brazilian government announced Monday that on June 12 it would launch a public tender for building dams as well as contracts for supplying electricity.

The public tender for building dams is aimed to increase production and reduce the risk of power deficits over the next few years, the Mines and Energy Ministry said in a statement.

The concessions for construction of the dams and contracts for supplying power would be valid for a 30 year period.

Aneel, Brazil’s electricity market regulator will be responsible for drawing up the public tender documents.

The Mine and Energy Ministry did not specify which dam building projects would be offered to private companies.

The president of Brazilian electricity company and subsidiary of Portugal’s EDP, Energias do Brasil recently told Portuguese news agency Lusa that the company planned to invest in power generation this year.

Energias do Brasil did not take part in the tender launched by the Brazilian government in December because the “conditions did not guarantee a return on investment.” (macauhub)