Santo Antonio auction scheduled for Oct 30
Published August 14th, 2007
Brazil’s mines and energy ministry (MME) has scheduled for October 30 the auction to build and operate the 3.15GW Santo AntĂ´nio hydroelectric plant, MME said on its website.
Santo AntĂ´nio will start selling power in 2012, MME said.
“The government will make sure that the Santo AntĂ´nio auction will be competitive,” Brazil’s presidential chief-of-staff Dilma Rousseff told journalists in Rio de Janeiro.
Power regulator Aneel will finalize bidding rules for Santo AntĂ´nio. The rules will be disclosed later in the month following a period of public hearings.
A special-purpose company must be formed for the project if a foreign company, fund or consortium wins the auction. Federal power companies will join the project through a minority stake.
The government will discuss the role of federal energy companies in consortiums after the project’s public hearings end August 17, Rousseff said.
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