Brazil bank finances three projects totaling 68 MW

Brazil’s development bank approved financing of 255 million reais (US$130 million) for construction of three small hydroelectric projects in Para and Mato Grosso do Sul states totaling 68 MW.

Banco Nacional de Desenvolvimiento Economica e Social (BNDES) said August 29 it is funding two projects being completed by Brazil industrial firm Bertin, 10-MW Salto Buriti and 30-MW Salto Curua on the Curua River in Para. It also is funding the 28.03-MW Porto das Pedras project being developed by the Cornelio Brennand group on the Sucuriu River in Mato Grosso do Sul.

BNDES is providing 39.9 million reais (US$20.3 million) to fund 66 percent of the 60.3 million reais (US$30.7 million) investment in Salto Buriti. It is providing 121.4 million reais (US$61.9 million) to fund 72 percent of the 168.2 million (US$85.7 million) investment in Salto Curua.

BNDES also is providing 93.6 million reais (US$47.7 million) to fund 71 percent of the 132 million reais (US$67.3 million) investment in Porto das Pedras.

The bank previously provided funding for other Cornelio Brennand projects, 28-MW Canoa Quebrada on the Verde River, 29.3-MW Garganta da Jararaca on Rio do Sangue, and 30-MW Buriti on Sucuriu River. (HNN 7/9/07)

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