Spanish energy group Iberdrola has commissioned the 1,820 MW Teles Pires hydropower plant in the Amazon forest in Brazil. The first unit entered operation in November 2015 and the four 364 MW units are now fully operational.
The plant is located on the border of the states of Pará and Mato Grosso, on the River Teles Pires, which is a tributary of the River Tapajós, close to the towns of Jacareacanga and Paranaíta. It was developed by a consortium formed by Neoenergia (50.1%, Iberdrola group), Furnas (24.5%), Eletrosul (24.5%) and Odebrecht (0.9%). The plant was built in 40 months.
Iberdrola has been operating in Brazil since 1997, via its 39% stake in the Neoenergia holding, where its local partners are Banco do Brasil (12%) and Previ (49%). The company acquired Elektro in 2011 and became the largest electricity distribution company in Brazil in terms of the number of customers (13 million customers). Iberdrola is also developing an additional 11,600 MW in various new projects: the hydroelectric power plants Baixo Iguaçu (350 MW, of which 137 MW will be attributable) and Belo Monte (11,233 MW, of which 438 MW will be attributable). The former is expected to be connected to the grid in 2018 and the latter will be commissioned on a gradual basis between 2016 and 2018.
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