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GDF Suez SA Inaugurates 1,087 MW Estreito Hydro Power Plant in Brazil Owned in Partnership with Vale SA and Alcoa Inc


Tuesday, 16 Oct 2012 08:00pm EDT 

GDF Suez SA, through its subsidiary Tractebel Energia, announced the inauguration of a new 1,087MW hydroelectric power plant at Estreito in Brazil. Estreito is owned by Tractebel Energia (40.07%), Vale SA (30%), Alcoa Inc (25.49%) and Intercement (4.4%). Tractebel Energia is responsible for the operational management on behalf of the consortium. Total investment in the project is approximately EUR 2.1 billion, with debt financing through 24-year loan agreements provided by the Brazilian Development Bank (BNDES) and a group of Brazilian banks. 

Company Quote

13.59
0.03 +0.22%
21 Apr 2014