Brazil to build 15 new hydroelectric plants

Jan 12, 2005 01:00 AM

Brazil plans to build 15 hydroelectric plants in 2005, Brazilian President Luis Inacio Lula da Silva said.
During the inauguration of the first phase of the Monte Claro hydroelectric plant in Rio Grande do Sul, Lula said the new infrastructure will represent a 4.4 % increase in the country's generation capacity for this year. He added that the proposed plants will bring 1,670 direct jobs and 3,200 indirect jobs to the country.

"This inauguration occurs at a time when the country has a new model for the electricity sector and more guarantee for investors, which will assure we will have the energy needed to sustain our development," said Lula.
He said the National Economic and Social Development Bank has loaned $ 160 mm to the infrastructure construction.

The 65-MW Monte Carlo plant, located on the Antas river, began commercial operation Dec. 29.
The proposed plants, along with the Monte Carlo river, would have a combined capacity of 4, 742 MW.

Source: Xinhua
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