Brazil readies itself for upcoming hydroelectric power auctions

Brazil Map

Brazilian power planning agency Empresa de Pesquisa Energetica (EPE) has qualified 64 small hydropower projects for a reserve energy auction set to take place later this week. reported in August that the auction could include concessions for more than 130 plants, though EPE now says the sale will include 47 projects up to 30 MW in capacity, and 17 more up to 1 MW in capacity.

A statement from power regulator Agencia Nacional de Energia Eletrica (Aneel) set a US$77 per MWh cap for what will be 30-year deals.

Meanwhile, the Brazilian government hope to net more than $3.3 billion later this year by selling operating licenses to three large hydroelectric plants in an auction later this year.

Included in the sale are the 1.7-GW Sao Simao, 408-MW Miranda and 380-MW Volta Grande -- all of which are currently operated by Cemig. The utility decided not to renew the licenses due to new terms designed to cut consumer tariffs.

The government has not yet scheduled a specific date for the auction, but said it will happen in the second half of 2017.

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


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...

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 ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs