Brazil investing in power generation and transmission

May 14, 1999 02:00 AM

Petrobras formed alliances to develop thermoelectric power generating projects in the State of Pernambuco, Brazil.
It associated to Asea Brown Boveri to build a 240 MW thermoelectric plant that will cost R$ 150 mm. The plant will start up in the year 2001.
Petrobras also formed a partnership with Shell to build a gas processing terminal at the Suape port, which will demand investments of $ 200 mm. The terminal's production capacity will total 5 mm cm per day.
The Brazilian government will invest R$ 340 bn until 2002 in power transmission lines and thermoelectric plants construction. It predicts that the Bahia and Pernambuco thermoelectric plants will be producing 280 MW and 240 MW, respectively, until 2001. By 2007, they will generate together more than 1,600 MW.

Source: Gazeta Mercantil via Newspage
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