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).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135373, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Brazil's Neoenergia to Invest More than $1 Billion in Energy in 2008

Brazil's Luiz Carlos Barreto Hydropower Plant Continues Modernization

BP 2008 Energy Review Finds Oil Production Problems Are Political, Not Geological

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147