Copel, Brazil’s fifth-largest utility by output potential, says it plans to increase its generation capacity by 38 per cent by 2014, according to the Valor Economico newspaper.
The expansion plan includes possible bids in four hydroelectric projects to add about 2 GW, said Copel’s president Lindolfo Zimmer, according to the paper.
Copel owns 18 power plants – of which 17 are hydroelectric – with an installed capacity totalling 4550 MW, producing about 7 per cent of Brazil’s electricity.
The utility, controlled by the government of Brazil’s Parana state, also has private investors and is traded on the Sao Paulo and New York Stock Exchanges.
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