French equipment manufacturer Alstom has received a contract worth 526 million reais (US$280 million) to equip the 855-MW Foz do Chapeco hydroelectric project on Brazil’s Uruguai River.
Foz do Chapeco is to be built on the border of Rio Grande do Sul and Santa Catarina states by a construction consortium of Camargo Correa, Alstom Brasil, and CNEC Energia. Construction began in December.
Alstom’s scope of work includes four vertical Francis turbines and synchronous generators and additional electro-mechanical and hydro-mechanical equipment. All the equipment is to be manufactured at Alstom’s manufacturing plant in Taubate, Brazil.
The equipment is to be delivered in 48 months, with the first generating unit going on line in August 2010 and the last in February 2011.
The project developer is Foz do Chapeco Energia S/A, a special purpose company owned 51 percent by CPFL Energia, plus federal utility Furnas Centrais Eletricas, and Rio Grande do Sul State utility Companhia Estadual de Energia Eletrica.
In July, national development bank Banco Nacional de Desenvolvimiento Economica e Social (BNDES) approved financing of 1.6 billion reais (US$860 million) for construction of the 2.2 billion reais (US$1.18 billion) project. (HNN 7/18/07) BNDES is to provide 1.1 billion reais (US$591 million) directly, while 552 million reais (US$296 million) will be provided by financing agents Bradesco, Santander, Banco do Brasil, and Safra bank.