Juiz de Fora Power Plant

cancelled

The Juiz de Fora power plant's first phase came on line on November 25, 2001, and the second phase on December 6, 2001. The power plant is a 50/50 joint venture between Alliant Energy and Companhia Forca e Luz Cataguazes-Leopoldina. The later being 49.1% owned by Alliant Energy. In April 2006, Alliant Energy sold its stake in the company to Cataguazes-Leopoldina. The power plant's initial capacity is 80 MW using two turbines operating in single cycle mode. Once complete the capacity will total 103 MW. BNDES financed 80% of the initial $73 million project cost. EXIM bank is expected to provide additional long-term debt. In October 2007, Petrobras a state-owned oil company bought Juiz de Fora Power Plant.