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Brazilian power plants are currently operating with an average 6.6GW of surplus energy, despite plummeting hydroelectric output, the government said on Wednesday.
In a statement, the mining and energy ministry (MME) said the risk of power supply falling into deficit this year was "equal to zero" in the drought-hit southeastern, midwestern and northeastern regions.
According to MME, Brazil has added 5.27GW to its installed capacity since January, representing 88% of the total forecast for 2014.
BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.