Suez Energy wins bid for hydroelectric power plant in Brazil
A consortium led by French-Belgian multinational Suez Energy won the public bidding to build a hydroelectric power plant in the Amazon rainforest region.
Suez Energy holds a 50.1% stake in the winning bidder, which is also comprised of Brazilian companies Camargo Correa Investimentos, Eletrosul Centrais Eletricas and Companhia Hidreletrica do Sao Francisco.
Victor-Frank Paranhos, president of the consortium, said technical studies allowed a reduction of 1 billion reals ($602 million) in the total cost of the project, initially estimated at 8.7 billion reals ($5.2 billion).
The Jirau power plant, which will be built on the Madeira river, should have a capacity of 3,300 megawatts of power when completed in 2013. (Xinhua)ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Masterplast Sets up JV with Market Épitő
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
