Brazil's Ministry of Mines and Energy announced on Friday that it plans to hold its new energy auction on August 31, 2018.
Through a decree published in the Official Gazette, the government confirmed that the auction is dubbed as A-6. It will contract power from wind, hydro, thermal plants that use biomass resources, natural gas and coal. Companies interested in participating must register by May 8, 2018 with the Energy Research Company (EPE).
The government will award power purchase agreements (PPA) with a term of 30 years for hydro, 20 years for wind, and 25 years for the other sources. Power supply is scheduled to begin on January 1, 2024.
On April 4, Brazil awarded 1,024.5 MW of clean power supply contracts in its A-4 tender. Projects that took part in it but did not win contracts can compete again in the A-6 tender, the ministry said.
Currently, there are two other energy auctions scheduled to take place in the final quarter of the year.