Copel to invest US778 million in Colider hydro project in Brazil

Brazil's Parana state power firm Copel has signed the concession agreement with the Brazilian mines and energy ministry to build and operate the 300-MW Colider hydropower project, news agencies reported.

Under the agreement, Copel will invest about 1.3 billion reais (US$778 million) in the hydroelectric project, Business News Americas reported.

The Colider hydro plant will be located in the Brazilian center-western state of Mato Grosso. The plant is planned to come online in December 2014.

Copel won the hydro project in a government auction in July of last year. The company offered the lowest power rate for the project at 103.40 reais/MWh, Business News Americas previously reported.

In other news, Brazilian utility sector regulator Aneel recently authorized commercial operations at one of the two generator units at the 19.4-MW Figueiropolis small hydropower plant.

In a regulatory filing, Aneel okayed operations at the generator unit 1 with 9.7 MW of installed capacity.

For more hydropower news and information, click here

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs