Brazil’s Peixe Angical hydroelectric dam to start operating third and final turbine

19 September 2006

Sao Paulo, Brazil, 19 Sept – The Brazilian Peixe Angical hydroelectric dam began operating its third and final turbine, 16 days before it had been projected, subsidiary of Portugal’s EDP, Energias do Brasil said Monday in Sao Paulo.

With the operation of the third an final turbine, the Peixe Angical dam, located in Tocantins state in northern Brazil, has a total production capacity of 452 MW, the company said in a statement.

The other two turbines at Peixe Angical began producing power in June and July of this year respectively.

Peixe Angical, which is the largest infrastructure underway in Brazil, represents an investment of 592 million euros, part of which is financed by BNDES (Banco Nacional de Desenvolvimento Económico e Social) and a group of private banks.

The remaining funds will be 60 percent covered by Energias do Brasil and 40 percent by Brazilian state company, Furnas.

Energias do Brazil controls distribution companies, Bandeirante (Sao Paulo), Escelsa (Esprito Santo state) and Enersul (Mato Grosso do Sul), which serve some 12 million people.

The Brazilian holding also controls Enertrade, one of the largest companies in the power trading sector. (macauhub)