Brazil’s Copel to cut investment in 2019

Brazilian power utility Companhia Paranaense de Energia (Copel) approved a BRL1.97 billion (US$520 million) investment plan for 2019, the firm said in a securities filing.

Copel’s distribution subsidiary Copel Distribuicao will receive the biggest share of investments (BRL835 million), followed by generation and transmission subsidiary Copel Geracao e Transmissao with BRL769 million. Of that amount, the 300-MW Colider and 350-MW Baixo Iguacu hydro plants will receive BRL59.5 million and BRL18.1 million, respectively.

Colider is on the Teles Pires River in Mato Grosso state, and Baixo Iguacu is on the Iguacu River in Parana State.

The 2019 plan represents a sharp drop from the BRL2.93 billion approved for 2018, when the firm executed investments at its Cutia wind park that started operating in September.

Copel owns 16 hydroelectric plants in total and has a combined installed generating capacity (including one thermal and one wind plant) of 4,486.4 MW.

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Elizabeth Ingram is content director for the Hydro Review website and HYDROVISION International. She has more than 17 years of experience with the hydroelectric power industry. Follow her on Twitter @ElizabethIngra4 .

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