French energy giant GDF Suez has said it is looking to increase the capacity of its Jirau hydroelectric plant in Brazil by 14 per cent, or 450 MW, to reach 3270 MW, according to Spanish agency EFE.
GDF Suez, along with its subsidiary International Power, is also to get the right to further expand the plant over a 30-year period (beginning 2014), the report added.
The hydroelectric facility, which represents an investment of approximately $5.2bn, will start operation in March next year.
It is one of the three largest hydroelectric plants currently under construction in the world. The plant seeks to address Brazil’s huge increase in energy demands, the company said in a press release.
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