Brazil to raise $4.36bn in hydroelectric concession

The Brazilian government aims to raise about $4.36bn at an auction in which it will offer concessions to operate 29 hydroelectric plants already in operation, according to media reports.

The local authorities have said the auction will take place from 6 to 25 November, according to a statement from the Ministry of Mines and Energy.

"With the new date companies interested in participating in the bid gain another three weeks to dedicate to the formation of consortia and build better solutions for funding to pay for concessions", the Ministry said in the note.

The 29 hydroelectric plants that will be offered in concession to private companies are in operation.

Image: Angelo Leithold

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 ...