Brazil Energisa acquires 170-MW biomass TPP assets for USD 74.4m
Aug 22, 2012 - Brazilian power holding company Energisa said yesterday it completed the acquisition of biomass-fired thermoelectric power plant (TPP) assets with total installed capacity of 170 MW for BRL 150 million (USD 74.4m/EUR 59.7m).
The assets were acquired from local sugar, ethanol and bio-electricity group Tonon Bioenergia under an agreement signed in December 2011.
As a result of the deal, Energisa gained an 85% stake in two operational sugar cane bagasse-fuelled TPPs, located in the Bocaina municipality of southeastern Sao Paulo state and the Maracaju municipality of centre-western Mato Grosso do Sul state, with a current combined capacity of 60 MW which will later be boosted to 90 MW.
Moreover, Energisa acquired the right to build and commercially operate 100% of two other biomass TPPs in the same region with combined installed capacity of 80 MW.
The total investment in the expansion of the existing facilities and the construction of the new ones is estimated at BRL 350 million so that they can reach a generation capacity of 81 average megawatts (MWa) per year by 2015, Energisa noted.