Pedro Afonso Thermal Power Plant

Project Information
Country: Brazil Location: State of Tocantins
Technology: Bioenergy Development stage: Pipeline
Status: Under development Number of system(s): 1
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, own, and operate
Contract period (years): 35 Termination year: 2046
Main revenue source(s): PPA/WPA payments Contract award method: ..
Bid criteria: Not Applicable Number of bids: ..
Renewal contract award method: .. Renewal bid criteria: ..
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company: Pedro Afonso Acucar e Bioenergia Ltda
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 company was 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 was free from sectoral taxes.
Key features to support revenue/reduce cost: UTE Pedro Afonso won the public bidding that took place in 2010 to sell electricity to several distribution companies, by offering a tariff of US$ 76.3/MWh (BRL 134.25/MWh). The project company signed 15-year power purchase agreements with the several electricity distribution companies. Total cost of public project:
PPP type: Services contracted by users Concession period type: Fixed concession Period
Banks/funds involved (depth financing):
Commissioning date: 2013 Project grid: Sistema Interligado Nacional
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
Bunge 80 Netherlands
Itochu Corporation 20 Japan

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 .. 83 80 MW ..

Multilateral Support Details

No details available

Funding Details

No details available