New BNDES loan for controversial Belo Monte dam

The Brazilian National Social and Economic Development Bank (BNDES) is to provide a new bridging loan for the large Belo Monte hydroelectric dam project.

This latest funding gives a clear indication that despite strong opposition the 11 233 MW Belo Monte project will go ahead.

BNDES previously granted a $616m bridge loan to Norte Energia, the consortium in charge of building and operating the plant.

The value of the second loan was not disclosed.

For more Hydropower news.

For more Latin America news.



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...