Pages Menu

BNDES approves R$22.5 billion in financing for Belo Monte Hydroeletric plant

The Board of Directors of BNDES (National Bank for Economic and Social Development) has approved R$ 22.5 billion in financing for Norte Energia S/A. Resources will be intended for construction of the Belo Monte hydroelectric plant, on the Xingu River (State of Pará), with 11,233 MW in installed capacity.

Energy generated will account for 33% of the country’s expanded capacity forecast for the 2015-2019 period, equivalent to supplying 18 million residences (60 million people).

Investments in the plant, which total R$ 28.9 billion, will create 18,700 jobs directly, and a further 23,000 indirectly during the construction works. The project will also contribute to boosting the production of Brazilian industry since 98% of the equipment used will be manufactured locally.

The Belo Monte plant will be the third largest in the world, following China’s Three Gorges plant, with 22,500 MW, and the bi-national plant, Itaipu, with 14,000 MW. However, contrary to the other large-scale hydroelectric plants, Belo Monte has a small reserve in comparison with its installed potential. The ratio between the flooded area and the generation capacity is one of the lowest in the world.

BNDES will finance investments of R$ 3.2 billion for social and environmental purposes. This is the largest amount ever approved by the Bank for socio-environmental initiatives, equivalent to 11.2% of the total resources invested in the hydroelectric plant.

Deixe sua resposta

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

*