Omega Energia Renovavel, a Brazilian renewable energy company, plans to invest around $444m in projects up to 2014, according to local press reports.

Recently, the company brought two small-scale hydroelectric power plants with a combined installed capacity of 32.5 MW into operation, Valor Economico reports.

The units are located in the Cassilandia municipality of central-western Mato Grosso do Sul state.

According to the report, which cited Omega’s CEO Antonio Bastos, the electricity generated by the plants has already been sold through five to 10-year bilateral contracts in the free market.

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