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Eneva starts US$320mn Parnaíba I expansion 6 months early

Bnamericas Published: Tuesday, February 19, 2019
Eneva starts US$320mn Parnaíba I expansion 6 months early

Brazilian energy firm Eneva started the 1.2bn-real (US$320mn) combined-cycle expansion for the Parnaíba I thermo plant, in Maranhão state, six months ahead of schedule, the company said in a statement.

The firm sent Techint the notice to proceed with the works, which will take 31 months. The early start will allow taking advantage of the dry season to implement the project and accelerate its execution.

The combined-cycle expansion, which is known as Parnaíba V, was one of the winners of Brazil's A-6 auction in August 2018. Projects contracted during the tender are due to start supply by 2024, but Eneva aims to have the unit finished by 2022, when it will supply power to the free market.

Since the project will not demand additional gas supply, it is characterized as energy efficient and will receive tax incentives. It was included in the Reidi infrastructure development program, which allows the suspension of Pis and Cofins tax charges.

WIND PROJECT CLEARED

Electric power regulator Aneel cleared Engie's Umburanas wind park in Bahia state for test operations. According to a publication in the country's gazette, six turbines, with a total capacity of 15,000kW can start up to test power generation.

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