Eletrobras plans to boost investment in hydropower, other energy projects

Brazilian state power utility Eletrobras plans to boost investments¬† this year for some of the country’s largest hydropower and electricity transmission projects, company officials reported.

Eletrobras, Latin America’s largest power holding utility, plans to increase investment to 9 billion reais (US$5.1 billion) this year from 5.4 billion reais (US$2.96 billion) in 2009, company leaders said.

The company will prioritize investments in developing major power projects this year, including the 3,300-MW Jirau and 3,150-MW Santo Antonio hydro plants and the Angra III nuclear plant, wire services reported.

Recently, a joint venture between Alstom and Brazilian firm Bardella inaugurated a facility in Brazil’s Amazon that will produce equipment for regional hydropower projects.

The investments to be made this year would go mainly to the Santo Antonio and Jirau hydroelectric power projects and to transmission lines that link Porto Velho in the north of Brazil to Sao Paulo in the southeast.

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