Brazil utility sets 2008 investment in 362-MW Maua

Brazil utility Companhia Paranaense de Energia Eletrica (Copel) has authorized the 2008 investment of 107.3 million reais (US$59.4 million) in the 362-MW Maua hydroelectric project on the Tibaji River in Parana State.

The authorization by Copel’s board of directors is part of the utility’s total 2008 investment budget of 792.5 million reais (US$439 million).

Copel holds a development concession for Maua in partnership with utility Centrais Eletricas do Sul do Brasil (Eletrosul). (HNN 11/30/07) Copel owns 51 percent of the project to 49 percent held by Eletrosul, a unit of Brazilian federal utility Centrais Eletricas Brasileiras S/A (Eletrobras).


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