Brazil awarded a contract to build an $11 billion hydroelectric dam in the Amazon to a group led by a state-run utility, ignoring criticism by environmentalists, “Avatar” director James Cameron and construction firms.
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. 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.
Bahia’s state water company Embasa is planning the first stage of modernization works in northeastern Brazil to boost supplies to 28 municipalities, BNAmericas said, citing a statement from the utility.
Brazilian electric regulator plans to sue Companhia Hidro Eletrica do Sao Francisco and ask for a 300 million reais ($148.1 million) compensation for not building transmission lines, the general director of the so-called Aneel said today.
Cia. Energetica de Minas Gerais, Light SA, Santher-Fabrica de Papel Santa Therezinha SA, Santo Antonio Energia SA and Tegma Gestao Logistica SA are among issuers that plan to sell bonds in Brazil’s debt markets.