Four Brazilian projects win carbon credit approval

The United Nations’ Clean Development Mechanism (CDM) agency has approved applications by Brascan Energetica Minas Gerais S.A. for sale of carbon emissions credits by four small hydroelectric projects totaling 68.5 MW in Brazil’s Minas Gerais State.

The Executive Board of the U.N. Framework Convention on Climate Change issued registrations March 5 for:
o 9-MW Nova Sinceridade (also called Benjamim Baptista) on the Manhuacu River at Manhuacu;
o 12.4-MW Palestina (also called Ivan Botelho 2) on the Pomba River at Guarani;
o 22.7-MW Cachoeira Encoberta (also called Ormeo Junqueira Botelho) on the Gloria River at Muriae; and
o 24.4-MW Triunfo (also called Ivan Botelho 3) on Pomba River at Guarani.

The projects are to cut fossil fuel use by thermal power plants and are projected to avoid carbon dioxide emissions totaling 87,780 metric tons per year. Reports on the projects said the emissions reductions were unlikely to occur without the hydro project activity.

The projects are among six purchased in 2005 from Companhia de Forca e Luz Cataguazes Leopoldina by Brascan Energetica, a unit of Canada-based Brascan Corp. The four, plus 4.8-MW Guary and 1.6-MW Anna Maria in Santos Dumont, were acquired for 250.2 million reais (US$95.3 million).

Brascan said it plans to develop 576 MW of small hydropower in Brazil.

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