Brazil’s Banco Nacional de Desenvolvimento Economico e Social (BNDES) has approved a US$143 million credit line to energy firm Tractebel.
The money will help fund Tractebel’s 2014 investment program, which includes maintenance of the 1.42-MW Salto Santiago and 226-MW Passo Fundo hydropower projects.
HydroWorld.com reported this past January that Tractebel had awarded contracts to Voith Hydro to supply equipment to both projects.
The BNDES credit will also be used for work on a thermoelectric and wind power complex.
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