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March 11, 2008 |
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ENERGIAS DO BRASIL: To Conduct Feasibility Studies With Cemig Energias do Brasil has signed a partnership agreement with Companhia Energetica de Minas Gerais aka Cemig to conduct feasibility studies for hydro and wind power projects, Business News Americas reports. Energias do Brasil said that it will study wind and hydro projects with Cemig to add 500 megawatts and 360 megawatts in installed capacity respectively. BNamericas relates that Energias do Brasil also entered into partnership accords for the projects with engineering firms Andrade Gutierrez and Concremat Engenharia e Tecnologia. Cemig, Andrade Gutierrez, and Concremat Engenharia will study the feasibility of hydro projects totaling 674 megawatts, BNamericas says. BNamericas notes that once the feasibility of the projects are proven, Energias do Brasil and Companhia Energetica will have 51% and 49% stakes in the projects, respectively. The studies will conclude in the first half of 2009, BNamericas states, citing Energias do Brasil. About Companhia Energetica Companhia Energetica de Minas Gerais aka Cemig -- http://www.cemig.com.br/ -- is one of the largest and most important electric energy utilities in Brazil due to its strategic location, its technical expertise and its market. Cemig's concession area extends throughout nearly 96.7% of the State of Minas Gerais, Brazil. Cemig owns and operates 52 power plants, of which six are in partnership with private enterprises, relying on a predominantly hydroelectric energy matrix. Electric energy is produced to supply more than 17 million people living in the state's 774 municipalities. In addition to those 52 plants, another three are currently under construction. Cemig is also active in several other states, through ventures for the generation or the commercialization of energy in these Brazilian states: in Santa Catarina (generation), Rio de Janeiro (commercialization and generation), Espirito Santo (generation) and Rio Grande do Sul (commercialization). About Energias do Brasil Energias do Brasil S.A. is an integrated utility group controlled by Energias de Portugal, with activities in generation, distribution and commercialization of electricity. Its power distribution subsdiaries Bandeirante, Escelsa and Enersul represent altogether some 64% of consolidated total assets, while the power generation assets represent some 31%. * * * In May 2007, Moody's Investors Service placed a Ba2 long-term corporate family rating on Energias do Brasil. |
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