Santo Antonio do Jari Hydro Power Plant

Project Information
Country: Brazil Location: States of Amapa and Para
Technology: Large Hydro Development stage: Financial Closure
Status: Construction Number of system(s): 1
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, operate, and transfer
Contract period (years): 57 Termination year: 2044
Main revenue source(s): Purchase agreements or transmission fees with public entity(ies) and sales to wholesale markets 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: CEJA - Companhia Energetica do Jari S.A.
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.
Key features to support revenue/reduce cost: In December 2010, the project company took part in a competitive bidding for the sale of electricity to the regulated market and won the bidding process by presenting a tariff of US$ 59.1/MWh (BRL 104/MWh), which was exactly the ceiling set by the regulatory agency. Total cost of public project:
PPP type: Services contracted by users Concession period type: Fixed concession Period
Banks/funds involved (depth financing): BNDES
Commissioning date: 2015 Project grid: Sistema Interligado Nacional
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
EDP Renovaveis 100 Portugal

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 .. 512 373 MW ..

Multilateral Support Details

No details available

Funding Details

Funding year Private debt funding Capital grants Government funding Local public bank funding Donor funding Debt equity grant ratio Private equity funding
2012 .. .. .. 378 .. 74/26 135