Teles Pires HPP

Project Information
Country: Brazil Location: States of Para and Mato Grosso
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): 35 Termination year: 2046
Main revenue source(s): PPA/WPA payments, Tax Deduction, Other Contract award method: Competitive bidding
Bid criteria: Lowest tariff Number of bids: 4
Renewal contract award method: Not Applicable Renewal bid criteria: Not Applicable
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company: Companhia Hidreletrica Teles Pires
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:
Key features to support revenue/reduce cost: Won the public bidding by agreeing on selling 85% of the output to the regulated market (a 30 PPA) and 15% to the unregulated market. The government agreed that the tariff was to be annually adjusted to the inflation rate. Regime Especial de Incentivos para o Desenvolvimento da Infra-Estrutura (Reidi): tax cuts in the acquisition of capital equipment and construction material acquired both in the domestic and international markets (a cost reduction of about 9.25%). Accelerated depreciation methods of accounting for construction expenditures. Electricity sold is not subject to sectoral taxes. 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
Iberdrola SA 50 Spain
Odebrecht SA 1 Brazil

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 51 .. 1,896 1,820 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
2011 .. .. .. 276 .. ..
2012 .. .. .. 1,235 .. ..