ENDESA And Enersis Will Build A 310 MW CCGT Plant In Brazil.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 22, 2002 - The plant, which will be located in Pecem (Ceara), is part of the Priority Programme for Thermoelectricity (PPT) supported by the Brazilian government after the country's recent electricity crisis brought by the drought. - ENDESA Internacional has assumed 51% of the plant's ownership while Enersis owns the remaining 49%. - The plant is expected to be commissioned in December 2003 and will cover 30% of the current demand in the State of Ceara. ENDESA (NYSE NYSE See: New York Stock Exchange :ELE ELE equine leukoencephalomalacia. ), through its affiliates ENDESA Internacional and Enersis, will add 310 MW of new capacity into the Brazilian market with the construction of the CCGT CCGT Combined Cycle Gas Turbine CCGT Chicago Center for Green Technology CCGT Combined-Cycle Generating Technology CCGT catalytic combustion gas turbine plant in Fortaleza. The decision to build this facility is supported by the favourable prospects of business in Brazil for electricity generation, after the incentives established by the Brazilian government for thermal generation following the rationing rationing, allotment of scarce supplies, usually by governmental decree, to provide equitable distribution. It may be employed also to conserve economic resources and to reinforce price and production controls. caused by the recent drought. This reflected the inadequacy of the existing generation assets - mainly hydroelectric - to meet the existing demand. The new CCGT plant is located in Pecem (Fortaleza, capital of the State of Ceara), and is part of the Priority Programme for Thermoelectricity (PPT) supported by the Brazilian government. This brings significant advantages, such as the guaranteed supply of gas for 20 years, an incentive to investment via remuneration REMUNERATION. Reward; recompense; salary. Dig. 17, 1, 7. and help in the sourcing of financing for Brazilian-made equipment. On the other hand, this new plant will allow ENDESA to increase its generation asset base in Brazil, balancing its business mix in the country, where its current share in generation is 1% against 5% for distribution. ENDESA Internacional and Enersis will make a joint investment of US$ 207 million in the construction of this plant. ENDESA, through ENDESA Internacional, will own 51% and Enersis will own the remaining 49%. The construction will begin in March once the necessary approvals are obtained. The plant will cover 30% of the current demand in the State of Ceara, increasing the security margin of the electricity supply in the State. The plant is expected to be commissioned in December 2003. The power purchase agreement for the sale of all of the plant's output has already been signed. The project will be carried out on a turnkey basis. The construction contract has been awarded to Mitsui after an open bid. ENDESA has a presence in northern Brazil through Coelce, the largest distributor in Ceara, with a customer base of 1.8 million. Until now, the state-owned Chesf was the sole energy supplier. Through Endesa Chile, ENDESA also controls Cachoeira Dourada Cachoeira Dourada is a small town and municipality in south-central Goiás state, Brazil. The population was 8,539 (2005 estimate) in a total area of 732 km².
A low-speed generator driven by water turbines. Hydrogenerators may have a horizontal or vertical shaft. The horizontal units are usually small with speeds of 300–1200 revolutions per minute (rpm). located south of Brasilia with a capacity of 658 MW that was commissioned in 1997. For additional information please contact Jacinto Pariente at North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Investor relations Investor relations The process by which the corporation communicates with its investors. Office. 212 750 72 00. http://www.endesa.es |
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