Brazil's awards 3 GW in hydropower auction

Author: grendelkhan. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

Sep 28 (Renewables Now) - Brazil's power sector regulator Aneel carried out a hydropower plant (HPP) auction on Wednesday, awarding all four concessions with a combined capacity of 2.9 GW.

The contracts have a term of 30 years, the Ministry of Mines and Energy said.

China’s State Power Investment Corporation (SPIC), French energy group Engie (EPA:ENGI) and Italian energy group Enel SpA (BIT:ENEL) were the winners. More details on the projects are available in the table below.

HPP Capacity Bid Winner
Sao Simao 1,710 MW BRL 7.18 billion SPIC
Miranda 408 MW BRL 1.36 billion Engie consortium
Jaguara 424 MW BRL 2.17 billion
Volta Grande 380 MW BRL 1.41 billion Enel

Overall, the country secured BRL 12.13 billion (USD 3.8bn/EUR 3.2bn) through the concession grants.

The Concession Agreements are to be signed later this year, the government noted.

(BRL 1 = USD 0.314/EUR 0.267)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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