Coal news and updates

Engie has resumed the sale process of its Brazilian Pampa Sul thermoelectric power plant, the company said. 

 

With an installed capacity of 345MW, the plant had 100% of its energy hired by the government in Aneel’s A-5 tender in 2014 for 25 years at 201.98 reais (US$6.29)/MWh. 

 

Investing more than 2bn reais, Engie started operations at Pampa Sul in June 2019. 

 

The company is also selling its Jorge Lacerda thermoelectric complex, in Santa Catarina. In this case, Engie has an exclusivity agreement with Fram Capital XII Fundo de Investimento em Participações Multiestratégia. 

 

“The company is focused on its purpose of accelerating the transition toward a neutral carbon economy, directing its activities to renewable energy generation, natural gas and infrastructure,” Engie said in a statement. 

 

Engie is Brazil’s largest private power generator, with an installed capacity of 4,971GW. 

 

Its local portfolio comprises 11 hydroelectric plants totaling 3.7GW, two thermal plants (973MW), four wind farms (481MW), three biomass units (64.1MW), two small hydros (25.9MW), and one solar plant (9.2MW)

 

Since 2017, the company acquired concessions for the operation of 1,800km of transmission lines in Paraná, Pará and Tocantins states. 

 

Engie also holds 65% of Transportadora Associada de Gás (TAG), the owner of a 4,500km gas pipeline network. 

 

This year’s capex is projected to total 3.5bn reais, focused on renewable power and infrastructure. 

 

Source : https://www.bnamericas.com/en/news