Brazil adds 4.7 GW of power generation to power grid

Brazil has added 4.6 GW of installed capacity to its power grid this year, according to the latest government data.

Overall installed capacity reached 130.5 GW following the startup of 435 MW in August, Brazil's mining and energy ministry (MME) said in a bulletin on Monday.

Meanwhile MME said 1,563 miles of transmission lines and 8.877 GVA of transforming capacity had also been added since January 1.

Brazil will invest $97.2 billion in new power generation projects over the next decade. Renewable power plants account for $50 billion, or more than half of the projected outlay.

Fossil-fired power plants — powered by coal, nuclear fuel, natural gas, fuel oil and diesel — make up 9.5 percent of investment.

Renewable projects are expected to make up 49 percent of the investment tally for uncontracted projects, hydropower 40 percent and fossil-fired plants 11 percent.

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