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

Brazil Flag

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.

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

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs