PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: GDF SUEZ | ENGIE

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Expansion of Jirau Hydro Project in Brazil - GDF SUEZ and International Power (70% owned by GDF SUEZ) announced that following a successful outcome of the A-3 energy auction in Brazil on 17 Aug., the Jirau hydro project will be expanded from the original concession of 44 units to 50 units
Expansion of Jirau Hydro Project in Brazil

 

NewswireToday - /newswire/ - Paris, France, 2011/08/18 - GDF SUEZ and International Power (70% owned by GDF SUEZ) announced that following a successful outcome of the A-3 energy auction in Brazil on 17 Aug., the Jirau hydro project will be expanded from the original concession of 44 units to 50 units. FR0010 208488

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GDF SUEZ and International Power (70% owned by GDF SUEZ) are pleased to announce that following a successful outcome of the A-3 energy auction in Brazil on 17 August, the Jirau hydro project will be expanded from the original concession of 44 units to 50 units. This expansion will take the total capacity of the project under construction from the initial 3,300MW to 3,750MW, with the majority of its output contracted under long-term Power Purchase Agreements (PPAs).

The six units have been allocated 209MW of assured energy and 100% of this energy has been sold in the regulated market at an inflation-indexed price of R$102MWh (US$64/MWh) for 30 years commencing in 2014. The total assured energy for the whole project now amounts to 2,184MW, of which 73% is contracted under long-term PPAs. The balance will be sold in the free market, principally to industrial customers. In addition, this expansion may allow for a further 90MW of assured energy to be allocated to the project.

The design of the Jirau power plant took into account the potential for additional units. As a result, this expansion will benefit from shared infrastructure and economies of scale that will add value to the project.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ, said:"The expansion of the Jirau project, which is the largest hydro power project currently under construction in the world, reinforces our commitment to providing Brazil with clean and renewable energy. It further illustrates the Group’s strategy to increase its exposure to fast growing markets.”

Philip Cox, CEO of International Power, commented:“The energy auction price and our decision to add six units to the Jirau plant allows us to capitalize on the attractive fundamentals of the Brazilian energy market, which is characterised by strong demand growth.”

International Power owns 50.1% of the project company Energia Sustentavel do Brasil (ESBR) that is building the 3,750MW (50 units of 75MW each) Jirau hydro project on the Madeira river in Brazil.

International Power’s net ownership in the project represents 1,879MW of capacity. The asset is expected to be transferred to Tractebel Energia.

About International Power
International Power plc (iprplc-gdfsuez.com) is a leading independent electricity generating company with 72,360MW (gross) (42,225MW net) in operation and a significant pipeline of 15,503MW (gross) (6,561MW net) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.

Press contact:
Sally Hogan - T: +44 (0)20 7320 8678

Investor relations contact:
Aarti Singhal - T: +44 (0)20 7320 8681

About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

Investor relations contact:
T: +33 (0)1 44 22 66 29 / E: ir[.]gdfsuez.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: GDF SUEZ | ENGIE

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Expansion of Jirau Hydro Project in Brazil

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GDF SUEZ | International Power plc
Publisher Contact: Press Office - GDFSUEZ.com 
+33 (0)1 44 22 24 35 gdfsuezpress[.]gdfsuez.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GDF SUEZ | ENGIE securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From GDF SUEZ | ENGIE / Company Profile


Read Energy Most Recent Related Newswires:

GE Completes Acquisition of LM Wind Power
Enel Starts Construction of 300 MW Red Dirt Wind Farm in United States
ET Solar and DSM Announce Strategic Partnership to Accelerate Market Penetration of PV Modules Featuring Unique Sustainable and Durable Backsheets
El Lago Named 'Green Power Community' in Texas by U.S. EPA
GE and Southern California Edison Debut World’s First Battery-Gas Turbine Hybrid
GE Successfully Installed the First Unit of 1,500-Volt Solar Inverter in Japan
ENGIE Wins A 338 MWp Solar Project in India
GE & MGH Mark Commercial Operations of 9F Gas Turbines At Baghdad Power Plant
ENGIE and Axium Secure 50-year Comprehensive Energy Management Contract with The Ohio State University in the US
ENGIE Axima Chosen by the Shipyard MV Werften within the Scope Limit of the Building of 2 XXL Cruise Ships
SPR Energy Puts Trust in GE to Operate Malaysian Power Plant for the Next 18 Years
ENGIE Acquires 100% of La Compagnie Du Vent
Enel Signs 25-Year PPA with Zambian National Utility Zesco
ENGIE to Transfer its 40% Stake in NuGen Project to Toshiba
Enel Begins Operation in USA of its Largest Wind Farm

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)