Brazil to save over $2bn thanks to pending hydro contracts

Quoting Marcio Zimmermann, the energy secretary, BNamericas reports that hydropower contracts due to be signed next year will cut Brazil’s power generation costs by up to $2.3.bn.

Existing plants earmarked for auction include the 807.5 MW Tres Irmaos facility, which is seen as an important project and is due to come on-line next year.

It was handed-back by Cesp, a Sao Paulo-based utility, last year.

An auction for the hydroelectric facility is due to held at the end of this month, with generators able to bid for a 30-year operating concession.

For more Renewables 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

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 ...