Enel Brasil has been awarded a 30-year concession for the operational 380MW Volta Grande hydro power plant in the south-east of Brazil.
The concession follows the “Leilão de Concessões não prorrogadas” public auction organised by the Brazilian government through the Brazilian Electricity Regulatory Agency.
Enel said it is investing $445m in the hydro concession, which will bring its total hydro capacity in Brazil to 1.27GW.
The company is expected to take over the facility in January, after which it will be operated by Enel’s renewable subsidiary Enel Green Power Brasil Participações.
The plant has been operational since 1974 and produces 2.02 terawatt hours of electricity a year, Enel said.
Enel Green Power head Antonio Cammisecra said: “This award further strengthens Enel Green Power’s consolidated foothold in Brazil, a country blessed with abundant natural resources, where we are already the leading player in the solar power market.”
Image: Pixabay
Enel bags Brazil hydro boost
30-year concession awarded for operational 380MW Volta Grande project
By EBS