Brazil announced it will build 54 hydroelectric power plants as a part of the Growth Acceleration Program.
The hydropower plants are planned to generate more than 47,000 megawatts of electricity, officials said. The Growth Acceleration Program’s second phase is scheduled to start in 2011.
The investment in the hydro projects is projected to reach 116 billion reais (US$64.4 billion), wire reports indicate.
The 3,300-MW Jirau hydroelectric project on Brazil’s Madeira River is one of the major hydro plants being developed under the Growth Acceleration Program.
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