Utility Companhia Paulista de Forca e Luz (CPFL) says it plans to invest 3.3 billion reais (US$1.53 billion) in its system through 2010, including 1.39 billion reais (US$640 million) on its power projects.
Chief Executive Officer Wilson Ferreira outlined the investment plan in an Internet webcast reported by Business News Americas.
Ferreira said generation investments will be confined to existing projects, including the 880-MW Campos Novos hydropower plant on the Canoas River in Santa Catarina State, to go on line in 2007 (HNN 11/13/06); 130-MW Castro Alves on the Antas River in Rio Grande do Sul State, to go on line in 2007; 100-MW Catorze de Julho, also on the Antas River in Rio Grande do Sul, to go on line in 2008; and 855-MW Foz do Chapeco on the Uruguai River between Rio Grande do Sul and Santa Catarina, to go on line in 2010. (HNN 2/22/06)
The Sao Paulo State-based utility also plans to invest to expand the capacity of existing small hydro plants.
The 2 billion reais (US$930 million) it is spending on its distribution companies is to maintain existing networks.
ï¿½This is for the company’s normal growth and excludes acquisition of new assets,ï¿½ Ferreira said.
Although CPFL seeks new generation opportunities, Ferreira said the company had seen no good business opportunities in recent Brazilian hydro concession auctions.