Consorcio Energia do Para – CEPA

active

In May 2016, Consorcio Energia do Para – CEPA, a partnership of the Brazilian companies Guascor do Brasil Ltda. (14,22%), Distribuidora Equador de Produtos de Petróleo Ltda (82%) and Soenergy Sistemas Internacionais de Energia S.A. (3,78%), was granted a 30-year authorization to build and operate 23 diesel fueled power plants located at the state of Para (131.7 MW in total capacity). The power plants were named UTE Afua, UTE Alenquer, UTE Almeirim, UTE Anajas, UTE Aveiro, UTE Cachoeira do Arari, UTE Chaves, UTE Cotijuba, UTE Faro, UTE Gurupa, UTE Jacareacanga, UTE Juruti, UTE Monte Alegre, UTE Muana, UTE Oeiras do Para, UTE Porto de Moz, UTE Prainha, UTE Salvaterra, UTE Santa Cruz do Arari, UTE Santana do Araguaia, UTE Sao Sebastiao da Boa Vista, UTE Soure and UTE Terra Santa. The total investment in the project was estimated at U$S 84.3 million (R$ 294.2 million). The government periodically runs public bidding for the sale of energy to the country´s distribution companies in the Northern region of the country. CEPA won the public bidding that took place in April 2016 by offering an average tariff of US$ 352.1/MWh (BRL 1228/MWh), 9,77% below the ceiling. Construction works were in its final stages by December of 2016, and commercial operations were set to commence in April 2017. In February 2017, Distribuidora Equador sold its shares in the project company to the other sponsors. Guascor increased its shareholding to 79% and Soenergy to 21%.