Development bank approves financing for Brazilian hydro project

Brazil’s national development bank BNDES has approved US$64.5 million in financing for the 39-MW Barra do Brauna hydropower project in Brazil.

The plant, on the Pomba River, is expected to begin commercial production in 2010. Brascan Energetica, the company building the project, already operates 30 small hydro plants in Brazil with a capacity of 375 MW.

The Barra do Brauna project is part of the Brazilian government’s growth acceleration plan and was recently included in the government’s special infrastructure development incentives program knows as Reidi.

BNDES recently approved US$45.9 million in funding for the 25-MW Sitio Grande hydropower project on Brazil’s Femeas River. (HydroWorld 4/15/09)

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