Peixe Angical hydro inaugurated in Brazil

27 November 2006

Brasilia, Brazil, 27 Nov – The Peixe Angical hydroelectric dam in the Brazilian state of Tocantins is being officially opened Monday in the presence of officials from Brazil and Portugal.

The new generating plant is a joint venture between Energias do Brasil, the Brazilian holding company of Portugal’s EDP group, with a 60 percent shareholding, and Brazil’s state Furnas Centrais Electricas, holding a 40 percent stake, in a total investment of reais 1.6 billion.

Some reais 670 million of this investment came from Brazil’s state National Bank for Social and Economic Development and a banking consortium.

The 452 megawatt hydroelectric plant has an annual power output of 2,374 gigawatt-hours and is one of Brazil’s biggest recent energy sector investments.

The dam’s third and final generator came on stream in September, two weeks ahead of schedule.

Besides its Peixe Angical hydro, Energias do Brazil expects a fourth generator to become operational at its Mascarenhas power plant in the second half of the year, boosting output from 131 to 181 megawatts, as well as the small 25 megawatt Sao Joao hydro, both in Espirito Santo state. (macauhub)