Dec 16, 2013 - Brazilian utilities Furnas, EDP no Brasil (BVMF:ENBR3), Casa dos Ventos and Renova (BVMF:RNEW3) were the biggest winners at the government's A-5 energy auction held on Friday.
Furnas, which is a division of the federally-run power holding company Eletrobras (BVMF:ELET3), in a partnership with EDP no Brasil, won the concession of the 700-MW Sao Manoel hydroelectric power plant, to require BRL 2.7 billion (USD 1.158bn/EUR 842.3m) investments. Furnas has a 33.33% stake in the consortium dubbed Terra Nova, while EDP holds the remainder.
Also, Furnas in a partnership with other companies managed to sell the output of 21 wind power plants with overall 570 MW capacity in the northeastern states of Rio Grande do Norte, Ceara and Bahia. These projects will demand BRL 2.2 billion investments.
One of Furnas partners was Casa dos Ventos. The two companies have teamed up for 10 parks part of the 280-MW wind complex Casa dos Ventos I, in Bahia's Itaguacu municipality.
Casa dos Ventos sold a total of 508 MW at the auction. Apart from its partnership with Furnas, the company contracted the output of 108-MW Santo Augusto and 120-MW Santo Estevao wind farms in northeastern Piaui and Pernambuco state, to get BRL 780 million investments.
Furnas also sold alone the output of five parks of the Arara Azul complex in Rio Grande do Norte, three parks of Serra do Mel complex and three of Santa Rosa complex in Ceara state.
EDP no Brazil alone sold the production of four wind plants of overall 116 MW capacity. These are Aroeira, Jerico, Umbuzeiros and Aventura I, all in Rio Grande do Norte state.
Renova contracted 17 wind plants of 355.5 MW in Bahia.
Other winners were CPFL Renovaveis (BVMF:CPRE3) with 51.3 MW sold; Eletrobras'unit Chesf with 127.3 MW in a partnership with local Brennand and Sequoia; Atlantic with 152 MW in Rio Grande do Sul; and Voltalia, with 120 MW in Rio Grande do Norte.
The auction was closed with 3,500 MW contracted at an average price of BRL 109.93 per MWh. The facilities offered in the December tender will meet the country's demand as of 2018.
(BRL 1.0 = USD 0.429/EUR 0.312)
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