Tractebel targets growth in wind power segment with emphasis on free market
Aug 2, 2011 - Brazilian power company Tractebel Energia (SAO:TBLE3) wants to continue to grow in the wind power segment over the next several year, but plans to focus on the free market as a trading environment.
Tractebel will try to avoid the energy auctions organised by the government, the company's CFO Eduardo Sattamini affirmed yesterday during a conference call with analysts on the second-quarter earnings results.
According to Sattamini, the prices obtained at the government tenders are not attractive for the company.
Tractebel is currently constructing five wind farms in the northeastern Piaui and Ceara states, which will have a combined capacity of 145.4 MW and will require some BRL 625 million (USD 399.1m/EUR 281.6m) in investments.
Sattamini also revealed that the company has other wind power projects in development and is in talks for acquisitions.
At present, Tractebel has two operational wind farms in Ceara and Piaui, totalling 43.6 MW of installed capacity, whose energy is contracted under the country's programme of incentives for alternative electricity sources Proinfa.