April 30 (Renewables Now) - Brazil's power sector regulator Aneel approved on Tuesday the new price ceilings for the auction scheduled for May 31, 2019, which will contract electricity for Roraima state.
A bid cap of BRL 1,078 (USD 273.2/EUR 244.3) per MWh has been set for the Potencia Mode, which includes non renewable sources, and BRL 409 per MWh for the Energia Mode, to contract only clean power sources.
According to state-owned energy research firm EPE, 156 projects have registered for the competition, of which 79 for the Potencia Mode, totaling 4,761 MW of installed capacity, and 77 for the Energia Mode, totaling 1,245 MW.
The government will award power purchase agreements (PPAs) with a 15-year period to natural gas and renewable energy sources. Power supply is expected start on June 28, 2021.
(BRL 1 = USD 0.25/EUR 0.23)