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Electrobras to resume Belo Monte

Electrobras is considering whether to resume work on the 11,000MW Belo Monte hydro power plant on the Xingu river in the Amazon region of Brazil. The R$6B (US$3.4M) plant will be offered to the private sector in 2003, and will be completed in 2009 on a build-operate-transfer concession basis. Electrobras may hold a minority interest in the project.

Other power plants to be built on the Xingu river are: Altamira (6600MW), Ipixuna (1900MW), Kokra- imoro (1500MW) and the Jarina project (620MW).