Brazil PEC Energia, Chesf to invest USD 224.8m in wind farms
Jun 16, 2014 - Brazilian renewable energy firm PEC Energia and federal utility Chesf will invest nearly BRL 500 million (USD 224.8m/EUR 166.1m) to build four wind parks with a combined capacity of 120 MW in Pernambuco state.
Last week Brazil's mines and energy ministry authorised the construction of the parks, named Serra das Vacas I, II, III and IV, in the municipality of Paranatama, Chesf said. PEC Energia holds 51% in the project.
In November 2013, the consortium was a winner at the A-3 energy auction for power supplies from January 2016.
In a press release, Chesf's engineering and construction manager, Jose Ailton de Lima, said that the company has a package of power transmission and generation projects worth almost BRL 7 billion.
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