Sao Paulo, Brazil, 21 June – Brazilian power company Energias do Brasil is investing 25.4 million reais (US$13.3 million) on feasibility studies for small and medium-sized hydroelectric power plants, according to the online edition of newspaper Valor Económico.
The paper reported that 11.4 million reais would be applied to studies for 19 small hydroelectric plants, with a joint production potential of 483 megawatts and 14 million reais on studies for seven medium-sized hydroelectric plants with joint generation potential of 590 megawatts.
The studies are expected to be concluded in the first quarter of 2008 and the units may be built after approval from Brazil’s National Electrical Energy Agency (Aneel), the sector’s regulator.
For the medium-sized projects, the studies are expected to be ready in the second half of 2008 but their construction will depend not only on approval from Aneel, but also on the launch of the bidding process.
Energias de Portugal, the Brazilian holding company for Portuguese power group EDP – energies de Portugal, has invested 3.3 billion reais in generation and distribution projects over the last four years.
As well as controlling distribution companies Bandeirante, Enersul and Escelsa, the company has generation assets, such as the hydroelectric power plants of Peixe Angical and Lajeado, in Tocantins state, as well as other smaller ones in other states, which make up a generation capacity of 1,043 megawatts. (macauhub)