Brazil's Associacao Brasileira de Fomento as Pequenas Centrais Hidreletricas (ABRAPCH) has signed a technical cooperation agreement with the Far South Regional Development Bank (BRDE) to support small hydropower growth in the South American country.
The two-year deal, signed earlier this week, calls for the partners to develop joint activities to increase investments from companies focused on hydroelectric plant construction.
Chief amongst these is making developers aware of BRDE's procedures and conditions for project financing, the bank said, with Brazil having a significant potential for small hydro capacity.
Brazilian power regulator Agencia Nacional de Energia Eletricqa (Aneel) said more than 140 small plants are currently awaiting licensing from the government.
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