Rio Negro Power Plant

cancelled

In May, 1999, El Paso Energy International Company (now El Paso Corporation) assumed ownership of the 158 MW Rio Negro diesel-fired power plant located in Manaus, Brazil. El Paso Energy International executed a turnkey contract with Wartsila Rio Negro and Wartsila NSD in August 1998 to engineer, procure materials, construct and commission the plant. Electricity from the Rio Negro facility was planned to be sold under a 5-year contract to Eletronorte, a subsidiary of the Brazilian federal electric utility. In February 2002, a PPA was executed with Eletrobras. The PPA was renegotiated in 2003. In January 2008, the power plant became a wholly-owned subsidiary of Manaus Energia S.A. which later became Amazonas Distribuidora de Energia, a wholly-owned subsidiary of state-owned company Eletrobras.