Cia. Hidro Eletrica do Sao Francisco, a unit of Brazil’s state-controlled power company Centrais Eletricas Brasileiras SA, has started producing power from its first wind farms two months behind schedule.
A new rule that requires Brazil wind-energy companies to shoulder the costs for transmission lines may scuttle some projects and reduce participation in government-organized power auctions, developers said.
Cia. Hidro Eletrica do Sao Francisco, a unit of state-controlled power utility Centrais Eletricas Brasileiras SA, plans to build four plants that generate electricity from biogas as part of a 45 million-real ($23 million) research project.
Cia. de Saneamento Basico do Estado de Sao Paulo, Triangulo do Sol Auto-Estradas SA, Iguatemi Empresa de Shopping Centers SA and Cia. de Gas de Sao Paulo are among issuers that plan to sell bonds in Brazil’s debt markets.
As Brazil prepares for its first-ever auction of shale-gas acreage, it has a message for global prospectors: The country that discovered the world’s biggest offshore oil finds this century may have almost twice as much natural gas onshore as is currently estimated.