Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » China’s State Power in talks for Brazil hydro, thermal plants – source

    China’s State Power in talks for Brazil hydro, thermal plants – source

    October 20, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp

    20 October 2018, News Wires — China’s State Power Investment Corporation is in talks to acquire two additional hydroelectric dams and two thermal plants in Brazil, a person with knowledge of the matter said.

    One of the hydroelectric dams is Usina Tres Irmaos, an 800 megawatt dam in Sao Paulo state, controlled by Brazilian infrastructure group Triunfo Participacoes e Investimentos SA (TPI), the person added, requesting anonymity to discuss private talks.

    Brazilian newspaper Valor Economico first reported the talks over Tres Irmaos on its website on Thursday. State Power and Triunfo declined to comment.

    But the source added a negotiation with Triunfo would not be easy, because the company was singled out by Brazilian prosecutors this month for not collaborating with a corruption probe investigating the its toll-road operations.

    The Chinese power company is expected to present a binding offer by the end of the month for control of the Santo Antonio hydropower dam, in the northern state of Rondonia. Talks to acquire the dam have gone on for almost two years.

    State Power is also considering a bid for two coal thermal plants that France’s Engie SA owns in the southern Brazilian states of Santa Catarina and Rio Grande do Sul, the source said.

    Engie, which put the plants up for sale six months ago, said the sale process is “ongoing”, without elaborating on bidders.

    Adriana Waltrick, State Power’s Brazil country head, told Reuters in May that the company wanted to keep investing in acquisitions after paying $2.25 billion for a license to operate the São Simao hydropower plant, previously run by state-owned Companhia Energética de Minas Gerais.

    • Reuters

    Related News

    China pushes ahead in battery technology race

    Africa’s solar boom: What businesses must do now to reap the benefits

    Otti to acquire EEDC assets in Abia power expansion plan

    E-book
    Resilience Exhibition

    Latest News

    Nigeria advocates for global financial reform at 2025 UN Meetings

    May 9, 2025

    China pushes ahead in battery technology race

    May 9, 2025

    Gold rose amid geopolitical risks, investors await trade developments

    May 9, 2025

    Despite NPA’s intervention, export cargoes still stuck at EPTs for days

    May 9, 2025

    Nigeria recommits to fostering enabling environment for inclusive prosperity

    May 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.