Brazilian power sector received 70 % in private investment

Feb 27, 2002 01:00 AM

Over the last 5 years, the private sector was responsible for 70 % of the R$ 8 bn investment destinated to the Brazilian energy power generating sector in partnership with the development bank BNDES (Banco Nacional de Desenvolvimento Economico e Social). For the next three years the bank will provide R$ 10 bn in resources for new projects of energy power generating, transmission, and distribution, and the trend is to keep the partnership with the private sector.
J. Malucelli group based at Curitiba, Parana state, has created J. Malucelli Energia to operate in the sector, informed its officer Mr Joao Francisco Bittencourt. The plan is to set up 7 hydroelectric power facilities, able to generate 100 MW. Investment is estimated at R$ 155 mm, part of it provided by BNDES. The group turns over $ 180 mm per year, and operates in hotel, civil construction, and financial sectors.

In addition Compagas (Companhia Paranaense de Gas) is developing feasibility studies to advance to 2002/2003 the expansion of natural gas pipeline Bolivia-Brasil to the region of Londrina and Maringa, Parana state. The strategy can require R$ 40 mm investment.

Source: Gazeta Mercantil/SABI
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