Brazilian government auctions Jirau hydroelectric power plant
Published May 20th, 2008
The Brazilian government has auctioned the Jirau hydroelectric power plant, to be built on the Madeira River in the State of Rondônia.
The auction was won by the Sustainable Energy of Brazil consortium, composed of Suez (50.1%), Camargo Corrêa (9.9%), Eletrosul (20%), and Chesf (20%).
The group’s proposal was R$ 71.40/MWh (US$ 43.39 /MWh), 21.6% below the auction’s ceiling price of R$ 91/MWh (US$ 55.30 /MWh).
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