Santo Antonio hydro plant sells 129.6 MW in A-3 auction

At Brazil’s recent A-3 energy auction, the Santo Antonio hydroelectric power plant sold 129.6 MW for an average price of $53.8/MWh, according to local energy news site Canal Energia.

The contracted power is part of a proposed 418 MW expansion of the hydro plant, increasing its capacity to 3568 MW, reports Seenews.

According to Mauricio Tolmasquim, the head of state-owned Empresa de Pesquisa Energetica (EPE), an injunction that banned Santo Antonio’s participation in the auction had been suspended by the government.

A court had ordered the injunction because the plant does not yet possess permits to expand the area of its reservoir, which is crucial for the additional capacity.

Santo Antonio is part of the Madeira hydropower complex in Rondonia state.

Brazil Business Today reported that 551 MW of new wind capacity was also contracted at the A-3 auction at an average price of $57.70/MWh.

For more Renewables news.

For more Latin America news.

No posts to display