Suez to acquire Brazilian hydro power plant

19 December 2007 - Electricity utility Suez Energy International has signed a €228.6m ($329m) shares purchase agreement for the acquisition of 100 per cent of Ponte de Pedra, a 176 MW hydro power plant on the Correntes river between the states of Mato Grosso do Sul and Mato Grosso in Brazil.

Upon the finalization of the agreement, Ponte de Pedra will be owned by Tractable Energia, a Suez Energy International company operating in Brazil.

The plant has been in commercial operation since September 2005 and was owned by Impregilo, an Italian engineering company and Skanska, a Swedish construction group. The transaction is subject to approval and is expected to close by February 2008.

The facility is connected to the Brazilian interconnected system by a 140 kilometer 230kV transmission line. The concession contract is valid until 2034, with the possibility for an additional 20-year renewal. The total output of the power station is sold under a 20-year power purchase agreement until 2025 to Cemig, a Brazilian state distribution company.

Dirk Beeuwsaert, CEO of Suez Energy International, said: "The acquisition of Ponte de Pedra is in line with our growth objectives in the Brazilian power generation sector through sustainable and renewable sources of energy."

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Current Magazine Issue

08/01/2013
Volume 117, Issue 8
1308PE_C1_digital

Power Industry Wire News

Energy Industry Leader Michael Allman Joins VIA Motors Board of Directors

Energy Industry Leader Michael Allman Joins VIA Motors Board of Directors

BioCNG, LLC Announces Award of BioCNG(TM) Vehicle Fuel System and Pipeline for Grand Junction, Colorado's Persigo WWTP

BioCNG, LLC Announces Award of BioCNG(TM) Vehicle Fuel System and Pipeline for Grand Ju...

Market Data Management Solutions Provider, GlobalView, Adds NGX Real-Time Indices

Market Data Management Solutions Provider, GlobalView, Adds NGX Real-Time Indices

ElectraTherm Enters Canada's Natural Gas Compression Market Converting Waste Heat to Power at a Natural Gas Compressor Station

ElectraTherm Enters Canada's Natural Gas Compression Market Converting Waste Heat to Po...

Enerpulse Technologies Announces Technology Advancement With Nano-Plasma Assisted Combustion n-PAC(TM)

Enerpulse Technologies Announces Technology Advancement With Nano-Plasma Assisted Combu...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>