Brazil regulator extends deadline for seven Energimp wind farms to 2013

Sep 7, 2012 - Brazil's energy sector regulator Aneel has pushed back the deadline for the commercial start of seven wind farms of local power firm Energimp to 2013.
The facilities in question are dubbed Araras, Buriti, Cajucoco, Coqueiros, Garcas, Lagoa Seca and Vento do Oeste, all located in northeastern Ceara state.
Energimp, which is a subsidiary of Argentine engineering firm Industrias Metalurgicas Pescarmona (Impsa), sold the ventures' power at a government energy reserve auction in 2009. Under the tender's terms, the units should have started deliveries on July 1 this year.
The delay in the installation of the Acarau II substation, whose concession is held by federal utility Companhia Hidro Eletrica do Sao Francisco (Chesf), however, prevented Energimp from launching the wind farms in time. Acarau II is seen to be completed as late as September 2013.
The supplies from the Buriti, Cajucoco, Coqueiros and Garcas units, however, are planned to start in January 2013, via the installation of a 100-MVA provisional transformer at the substation. The additional investment ​​by Chesf is estimated at BRL 2 million (USD 985,708/EUR 772,346).
Aneel's extension of the wind farms' deadline will save electricity consumers about BRL 9.4 million per month, which they would have had to pay to Energimp for its fixed revenue, for each month of delay, even without having received the contracted energy.

(BRL 1 = USD 0.493/EUR 0.386)

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