| Project company: |
Voltalia Energia do Brasil |
| Publicly traded: |
No |
Stock market: |
N/A |
| Type of government support: |
.. |
| PPP project: |
Yes |
Related infrastructure by government: |
|
| PPP part of public project: |
No |
Key features of guarantee: |
The projects were granted the right to take part in the government program called Regime Especial de Incentivos para o Desenvolvimento da Infra-Estrutura (Reidi). Companies selected to take part in this program were given tax cuts in the acquisition of capital equipment and construction material acquired both in the domestic and international markets (this incentive represented a cost reduction of about 9.25%). In addition, the company was allowed to use accelerated depreciation methods of accounting for construction expenditures. Finally, the electricity sold by the company is not subject to sectoral taxes. |
| Key features to support revenue/reduce cost: |
The seven power plants won the public bidding for the sale of energy to the country´s distribution companies run by the government that took place in July2011 and in December 2011, by offering an average tariff of US$ 60.7/MWh (BRL 99/MWh) and US$ 65.6/MWh (BRL 107/MWh) , respectively . The project companies signed 20-year power purchase agreements with the several electricity distribution companies , and the agreements included the annual adjustment of the tariff to the inflation rate. |
Total cost of public project: |
|
| PPP type: |
Services contracted by users |
Concession period type: |
Fixed concession Period |
| Banks/funds involved (depth financing): |
|
| Commissioning date: |
2014 |
Project grid: |
Sistema Interligado Nacional |
| Carbon credits: |
No |
Sponsor Details
Project Investment History (proposed investment listed for pipeline projects)
|
Year
|
% private
|
Payment commitments to the government *
|
Investment commitments in physical assets
|
Capacity
|
Type
|
Government cash subsidy commitments
|
|
2012
|
100
|
..
|
527
|
200
|
MW
|
..
|
Multilateral Support Details
Funding Details