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Cemig to purchase hydro plant

Brazilian power company, Cemig, will finalise the purchase of the Sá Carvalho hydro power plant by the end of April. The 78MW plant is currently owned by Acesita, a stainless steel manufacturer controlled by the French group Unisor.

The deal will cost R$86M (US$48M). Cemig will pay R$25M (US$14M) from its own resources and finance the remaining R$61M (US$34M). Cemig forecast investments of R$520M (US$289M) this year.

Cemig’s current generating capacity is 5893MW. The company also plans to increase its output by 930MW after five other hydro power plants are in operation.