28 September 2017
During the auction held yesterday by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around EUR950 million (BRL3.531 billion).
- Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity.
- Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity.
The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.
“These contracts are a tremendous success that represent a great growth opportunity for ENGIE, in line with the Group ambition to develop low carbon power production. These two plants have a strategic location for ENGIE’s growth as they are in the Southeast region where we already have other plants and activities”, said ENGIE Brazil CEO, Maurício Bähr.
With 3,000 employees and an installed capacity of more than 11 GW, ENGIE is the largest private power producer in Brazil. 90% of the Group’s installed capacity in the country come from clean, renewable sources, with low emissions of greenhouse gases. This low carbon dynamic has been reinforced by the construction of new wind farms in the Northeast and by the operation of one of the largest hydropower plants in Brazil, Jirau (3,750 MW), located in the Madeira River, Rondônia.
The Group is also present in Brazil in the solar distributed generation market and offers services related to energy efficiency, engineering and integration of systems working on the development of telecommunication and security systems, public lighting and urban mobility for smart cities.
Illustration Photo: hydropower plant (credit: ENGIE)