Malagone Small Hydroelectric Power Plant

Active

Prospective

The Brazilian company Wanerg Energetica Ltda was granted the authorization to build a 19-MW hydro power plant in the municipality of Uberlandia, state of Minas Gerais in November 2007. Wanerg Energetica created the SPE Hidreletrica Malagone S.A. to manage the 30-year contract signed with the regulatory agency ANEEL . Financial closure for the project was reached in July 2009, when state-owned banks BNDES approved a US$ 33 million (BRL 65.9 million) loan to the project. The total investment in the facility was estimated at US$ 46 million (BRL 92 million). The project company is also building a 34-km transmission line to connect the power plant to the distribution company CEMIG. By the time financial closure was reached, 55% of the construction works were completed. The sponsor expected that the units would commence operations in October 2009, but tests were underway in March 2010. Commercial operation commenced in April 2010.

Energy

World Bank Group

Project

Commercial, Power Generation (CCGT), Hydro, Government