Second turbine of the Peixe Angical Dam starts commercial operations

2 August 2006

São Paulo, Brazil, 02 Aug – Enerpeixe, the consortium created by Energias do Brasil, the Brazilian operations of Portuguese energy company EDP, and Brazilian state-owned power company Furnas, announced on Tuesday that it started commercial operations of the second turbine of the Peixe Angical Dam.

The first turbine of the dam, located in the Brazilian state of Tocantins, in the north of Brazil, started commercial operations in June and the third turbine is expected to initiate operations in October.

Each turbine has 150 megawatts of power, which means that the dam will produce enough energy to supply four million people, the company said.

The Peixe Angical Dam, the largest infrastructure currently underway in Brazil, represents an investment of 1.6 billion reals (US$ 733.95 million), and 670 million reals (USD$ 307.34 million) of this amount is being financed by Brazilian state-owned bank BNDES.

The remaining 930 million reals (US$ 426.61 million) was paid by Energias do Brasil (60 percent) and Furnas (40 percent).

Energias do Brasil controls electricity distributors Bandeirante (São Paulo), Escelsa (Espírito Santo) and Enersul (Mato Grosso do Sul), which supply around 12 million people with electricity. Energias do Brasil also controls Enertrade, an energy trading company.

The holding company is currently building a small dam called São João and is increasing the installed capacity of the Mascarenhas Dam, both located in the state of Espírito Santo, in the southeast of Brazil.

The group plans to invest 105 million reals (US$ 48.17 million) on the construction of the Santa Fé Dam, which is also located in Espírito Santo and is expected to be ready in the second half of 2008. (macauhub)