Brazil’s electricity regulator says three groups remain to compete in the December 10 concession auction to build and operate the 3,150-MW Santo Antonio hydroelectric project on the Madeira River.
Agencia Nacional de Energia Eletrica (ANEEL) made the announcement November 30 after two of five registered bidders failed to submit deposit guarantees in order to participate. (HNN 11/27/07)
Those dropping out were state-owned utility Centrais Eletricas do Norte do Brasil S.A. (Eletronorte) and Consorcio Norte Energia, a combination of ALUPAR Investimentos S/A, Industrias Metalurgicas Pescarmona (IMPSA), Schahin Holding, UTC Engenharia, and Schahin Engenharia.
Consortia who remain in the running, and their member companies with ownership stakes, are:
o Consorcio Madeira Energia: Odebrecht Investimentos em Infra-estrutura Ltda., 17.6 percent; Construtora Norberto Odebrecht S.A., 1 percent; Andrade Gutierrez Participacoes S/A, 12.4 percent; Cemig Geracao e Transmissao S/A, 10 percent; Furnas Centrais Eletricas S/A, 39 percent; and Fundo de Investimentos e Participacoes Amazonia Energia (formed by banks Banif and Santander), 20 percent;
o Consorcio Energia Sustentavel do Brasil – CESB: Suez Energy South America Participacoes Ltda., 51 percent; and Eletrosul Centrais Eletricas S/A, 49 percent; and
o Consorcio de Empresas Investimentos de Santo Antonio – CEISA: Camargo Correa Investimentos em Infra-estrutura S/A, .9 percent; Companhia Hidro Eletrica do Sao Francisco – CHESF, 49 percent; CPFL Energia S/A, 25.05 percent; and Endesa Brasil S/A, 25.05 percent.
ANEEL also said 31 electricity distributors registered to participate in a separate auction the same day to purchase Santo Antonio’s electricity.
ANEEL said concession auction deposit guarantees, equal to 1 percent of projected investments in the plant, were deposited by the remaining three bidders on November 30 at the headquarters of the Camara de Comercializacao de Energia Eletrica. Passwords then were distributed for access to the electronic auction.
Santo Antonio is one of the two big projects, with 3,300-MW Jirau, comprising the 6,450-MW Madeira River complex. Brazil’s development bank, Banco Nacional de Desenvolvimiento Economica e Social (BNDES), announced it would finance up to 75 percent of the cost of development of Santo Antonio. (HNN 11/9/07)
The energy ministry said an auction is to be held in 2008 for a concession to build the transmission line linking Santo Antonio to the national grid. Jirau is expected to be auctioned in early 2008.
The Jirau and Santo Antonio dams would be built 84 kilometers and 119 kilometers from the Bolivian border on the Madeira, an Amazon River tributary. The two hydro projects, with 44 turbines each, have an estimated cost of 22 billion reais (US$11.6 billion). Santo Antonio is expected to begin delivering power in 2012 under a 30-year contract.