Latin America

Brazil postpones power auction to October

Brazil has delayed until October 10 this year’s second public auction of electricity and concessions for hydropower plants that would come on line starting in 2011. The auction originally was set for September.

A spokesman for the Ministerio de Minas e Energia (MME) told Business News Americas the deadline for companies to register to participate in the auction also was extended to July 21. MME’s energy research unit, Empresa de Pequisa Energetica (EPE), said some companies were not able to register their projects by the previous June 23 deadline. (HNN 6/1/06)

The October auction is to be the first Internet-based sale. Developers of proposed projects expect to obtain 30-year power sale contracts with a delivery start of January 2011.

The year’s first auction of electricity and power plant concessions attracted US$1.4 billion in investments to build 18 new power plants, including seven small hydroelectric projects and 11 thermal plants totaling 598 MW.

For information, contact Ministerio de Minas e Energia, Esplanada dos Ministerios, Bloco U, Brasilia, Distrito Federal, Brazil; (55) 61-33195555; Fax: (55) 61-33215628; Internet: www.mme.gov.br.