Brazil: Energias do Brasil announces partnership for electricity project studies

7 March 2008

Sao Paulo, Brazil, 7 March – Energias do Brasil, a Brazilian subsidiary of Portugal’s power company EDP – Energias de Portugal, Thursday said it had set up partnerships with Brazilian companies to carry out feasibility studies for hydroelectric projects and wind farms.

The partnerships with state energy company Cemig and with private groups Andrade Gutierrez and Concremat Engenharia e Tecnologia involve studies for projects totaalinga round 1,500 MW.

The engineering studies will be the responsibility of Energias do Brasil, whilst Cemig, the state energy company of the State of Minas Gerais, will be responsible for the environmental studies.

If the studies show that the projects are feasible, the two companies will set up a company to carry them out, with a 51 percent stake owned by Energias do Brasil and the remainder in the hands of Cemig.

Last year, profit at Energias do Brasil totalled 49.8 million reais, a rise of 11.6 percent against 2006, due to its increased power production capacity, which ended the year at 1,043 MW.

Energias do Brazil 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)