SOURCE: Industrial Info Resources

July 11, 2008 07:05 ET

Brascan Energetica Acquires Itiquira Hydropower Plant in Brazil for $120 Million, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - July 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Brascan Energetica S.A. (Parana, Brazil), a subsidiary of Brookfield Asset Management Incorporated (NYSE:BAM) (Toronto, Ontario), has acquired the 156-megawatt (MW) Itiquira hydropower plant, located in Mato Grosso on the Itiquira River. The $120 million project financing was provided through two companies, the corporate and investment banking Calyon Credit Agricole S.A. (EPA:ACA) (Paris) and Export Development Canada (Ottawa, Canada), a Crown corporation. The station is equipped with four Francis turbines manufactured by GE Hydro, a business unit of General Electric (NYSE:GE) (Fairfield, Connecticut).

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