Brazil's Colider, Baixo Iguacu hydropower projects receive Copel financing

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An earnings statement from Copel shows the Brazilian utility intends to spend about US$100 million on a pair of large hydropower plants in the second half of this year.

Per Copel, nearly $58 million will be allocated for construction of the 300-MW Colider hydroelectric project, with an additional $38 million for the 350-MW Baixo Iguacu.

HydroWorld.com reported that Copel had signed concession agreements with Brazil's Ministry of Mines and Energy in January 2011 to build and operate the project, which is to be located on the Teles Pires River in Mato Grosso.

Meanwhile, Baixo Iguacu is planned for the Iguacu River in Parana. Alstom won a contract in October 2012 to supply electromechanical and erection equipment.

For more news from Brazil, visit here.

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