EDF confirms 400MW Brazil hydro acquisition

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Friday, December 12, 2014

French energy firm EDF has secured a 51% stake in Brazil's 400MW Sinop hydroelectric project from local developer Alupar.

A preliminary agreement for the takeover in September was confirmed by EDF in a statement on Friday following approval from Brazil's antitrust authority Cade.

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The project's other stakeholders are Eletronorte and Chesf, both subsidiaries of state-run utility Eletrobras.

Located on the Teles Pires river in Brazil's western state of Mato Grosso, the plant is expected to begin operating in the second half of 2017.

Sinop's construction and operating contract was secured by the consortium during an auction in August 2013.