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.
|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)