Brazil: Energias do Brasil invests 120 million reais in hydroelectric plant

15 November 2007

Sao Paulo, Brazil, 15 Nov – Brazilian electricity company Energias do Brasil plans to invest 120 million reais in the construction of the Santa Fé Small Hydroelectric Plant, in the city of Alegre, Espírito Santo state, the company said on its website.

The project, whose first stone was set Tuesday, will have an installed capacity of 29 megawatts and average power production of 16.4 megawatts.

Construction of the Santa Fé plant will be partly financed by Brazilian economic and social development bank, Banco de Desenvolvimento Económico e Social (BNDES) and conclusion of the work is scheduled for the first half of 2009.

“The low environmental impact and the short construction deadline of a small hydroelectric plant are some of the factors that led to the company’s investment in Santa Fé,” said Custódio Miguens, the vice president for generation and environment of Energias do Brasil.

When it goes into operation, in 2009, Santa Fé will increase the generation capacity of the Energias do Brasil group to 1,072 megawatts.

Energias do Brazil is a holding company owned by Portugal’s EDP, which controls distribution companies, Bandeirante (Sao Paulo), Escelsa (Esprito Santo state) and Enersul (Mato Grosso do Sul), as well as generation companies, EDP Lajeado, Energesy and Enerpeixe, and sales company Enertrade. (macauhub)