Enel awarded 30-year concession for 380 MW hydro plant in Brazil
Energy firm Enel Brasil has been granted a 30-year concession for the management of a 380 MW hydro power plant in Volta Grande, Brazil, following a public auction. Enel will invest $445m in the plant, which will extend its hydro capacity across Brazil to 1.27 GW. The firm will take over the plant in January 2018 and will manage it through its renewable subsidiary Enel Green Power Brasil Participações. The plant produces 2.02 TWh of electricity annually and has been in operation since 1974.
Enel Brasil has been awarded a 30-year concession for the operational 380MW Volta Grande hydro power plant in the south-east of Brazil.



The concession follows the “Leilão de Concessões não prorrogadas” public auction organised by the Brazilian government through the Brazilian Electricity Regulatory Agency.

Enel said it is investing $445m in the hydro concession, which will bring its total hydro capacity in Brazil to 1.27GW.The company is expected to take over the facility in January, after which it will be operated by Enel’s renewable subsidiary Enel Green Power Brasil Participações.The plant has been operational since 1974 and produces 2.02 terawatt hours of electricity a year, Enel said.Enel Green Power head Antonio Cammisecra said: “This award further strengthens Enel Green Power’s consolidated foothold in Brazil, a country blessed with abundant natural resources, where we are already the leading player in the solar power market.”