Contracts Awarded for $9.8 Billion Hydroelectric Power Complex in Brazil

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Researched by Industrial Info Resources (Sugar Land, Texas)--Alstom Hydro, a subsidiary of Alstom SA (EPA:ALO) (Levallois-Perret, France), has been awarded a major $700 million contract for hydromechanical equipment for the Santo Antonio hydroelectric plant, one of several projects on the Madeira River in Brazil. Industria Metalurgica e Mecanica da Amazonia, a joint venture formed by Alstom Hydro and capital-goods company Bardella (Guarulhos, Brazil), will supply the hydromechanical equipment from a plant in Port Velho, Rondonia. Santo Antonio will be equipped with 44 bulb-type generating units of which Alstom Hydro will supply 19 bulb turbines, along with 22 generators, from a facility in Taubate, Brazil. Santo Antonio will be built on the Madeira River, one of the Amazon's main tributaries, in Rondonia with an installed capacity of 3,150 megawatts.

Alstom and Bardella was awarded the contract by Odebrecht (Rio de Janeiro, Brazil) the lead contractor of the Madeira Energia consortium, which is performing engineering, procurement and construction for the project. Madeira Energia will build, operate, manage and trade the energy produced at the Santo Antonio hydroelectric complex for a 30-year term. The consortium was selected to build the $9.8 billion Madeira River power complex, which includes the Santo Antonio plant and the 3.3-gigawatt Jirau plant. The Jirau project is owned by Energia Sustentavel. Construction on the complex is expected to begin in early 2009, and commercial operation is expected by mid-2012. For related information, view December 19, 2007, news article - Odebrecht, Furnas to Construct Hydroelectric Project in Brazil.

The Madeira Energia consortium is formed by Odebrecht (17.6%), Construtora Norberto Odebrecht SA. (1%), Andrade Gutierrez Participacoes SA (12.4%), Cemig Geracao e Transmissao SA (10%), Furnas Centrais Eletricas SA (39%) and the Banif and Santander Banks (20%).

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