Sao Paulo, Brazil, 29 Jan – Brazilian companies Energias do Brasil and MPX Mineração e Energia have hired Italy’s Maire Tecnimont to build the Pecém thermoelectric power plant, Energias do Brasil said in a statement.
The contract, worth a total US$935.9 million, outlines that the plant will go into production in 2011, with a bonus payment if Maire Tecnimont finishes the project ahead of schedule.
Total investment in the project is US$1.3 billion and when it goes into operation it will add 720 megawatts to Energias do Brasil’s installed capacity.
The coal-fired plant is “the result of a long period of joint analysis with MPX and makes use of a particularly favorable moment for coal-fired plants sue, on the one hand, to the nonexistence of new hydro projects and, on the other, to the limited availability of natural gas,” the statement said.
Energias do Brasil, which is a subsidiary of Portugal’s EDP-Energias de Portugal, is a holding company for a group of companies that generates, sells and distributes electricity in the Brazilian market.
In September of last year, Energias do Brasil had 3.1 million customers, and distributed 18.6 million MW of electricity in the first nine months of 2007. (macauhub)