Steel maker to develop 60-MW Sao Joao, 45-MW Cachoeirinha

Brazil’s electricity regulator has approved transfer of two hydroelectric project concessions from Enterpa Energia S/A to Chopim Energia S/A, a unit of Brazilian steelmaker Gerdau S.A.

On February 15, Agencia Nacional de Energia Eletrica (ANEEL) transferred to Chopim Energia the rights to develop and operate the Sao Joao-Cachoeirinha hydroelectric complex on the Chopim River in Parana State.

The complex includes the 60-MW Sao Joao project and the 45-MW Cachoeirinha project, to be built in Honorio Serpa and Clevelandia. Construction is to be completed in 2011 for an estimated investment of US$173 million.

In 2006, Novelis Inc. of the United States sold the proposed 155-MW Cacu-Barra dos Coqueiros hydroelectric complex in Brazil to Gerdau unit Gerdau Acos Longos S.A. That complex consists of the 65-MW Cacu and 90-MW Barra dos Coqueiros hydro projects on the Claro River in Goais State. (HNN 11/9/06)

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