Portugal’s EDP plans Brazilian expansion

Portuguese energy firm, EDP, is set to expand its power network in Brazil by 2.27 GW as it looks to take advantage of the growth in this South American nation’s economy, BNAmericas reports.

EDP plans to allocate 1.1 GW to hydroelectric projects, 670 MW to wind and 500 MW to gas fired thermal generation, the report said, citing an investor report released by the company.

EDP Brasil, the firm’s local subsidiary, expects current projects to raise its installed capacity to 2.6 GW from 1.8GW by 2015.

According to the report, the major hurdles to growth includ delays, low auction prices and gas shortages.

It added new projects would “depend on the attractiveness of future auctions”, BNAmericas said.

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