EDF confirms 400 MW Brazil hydro acquisition

Sponsored by

French energy firm EDF has secured a 51 percent stake in Brazil's 400 MW Sinop hydroelectric project from local developer Alupar.

A preliminary agreement for the takeover in September was confirmed by EDF in a statement on Friday following approval from Brazil's antitrust authority Cade, according to Business News Americas.

The project's other stakeholders are Eletronorte and Chesf, both units of state-run utility Eletrobras.

Located on the Teles Pires River in Brazil's western state of Mato Grosso, the plant is expected to begin operating in the second half of 2017.

Sinop's construction and operating contract was secured by the consortium during an auction in August 2013.

Sponsored by

Get All the Electric Light & Power and POWERGRID International to Your Inbox

Subscribe to Electric Light & Power or POWERGRID International and the email newsletter today at no cost and receive the latest news and information.

Related Articles

Clean Line Energy CEO: Staying the course critical for HVDC wind transmission projects

11/23/2016

Once work actually begins, the Plains & Eastern Clean Line will be the United States’ first long-distance overhead hig...

Silver Spring Networks to expand distribution automation in Brazil

11/10/2016

Silver Spring Networks and CPFL Energia, Brazil’s largest private-sector electricity company, announced the expansion of C...

Canadian Solar, EDF partner on solar energy project in Brazil

10/21/2016

The 191.5 MWp project is starting construction and expects to reach commercial operation in the third quarter of 2017

Saft helps Brazil substations switch to nickel battery backup systems

10/06/2016

The Saft Uptimax batteries are replacing the existing lead-acid batteries at the CEB substations to provide a increase in ...