Commercial operation of the first 75 MW turbine of the Jirau hydro power project has been officially approved by the Brazilian Electricity Energy Regulatory Agency (ANEEL). Located on the Madeira River, in the State of Rondônia, the plant will have a total installed capacity of 3,750 MW and, when fully operational, will produce enough clean and renewable energy to meet the electricity demand of 10 million Brazilian households. Full commissioning of all 50 generation units is expected to be reached by 2015.
The project is currently jointly owned by GDF SUEZ (60%), Eletrosul (20%) and Chesf (20%). In May 2013, GDF SUEZ and Mitsui announced a partnership where Mitsui will take a 20% equity interest in the project, expanding the long-term partnership between the two groups. The closing of the transaction is expected to occur during the second half of 2013, upon satisfaction of certain conditions, including obtaining approvals from Brazilian authorities (ANEEL – Electricity Energy Regulatory Agency) and lenders (BNDES and local commercial banks).
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