Engevix Negotiates Million-Dollar Investment to Complete São Roque Power Plant Construction in Santa Catarina

Written by Flavia Marinho

Published on 13/06/2021 at 06:52

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Engevix Will Also Rely on Credit Provided by Turbine and Generator Manufacturers, Own Resources, and Advance Revenue from Already Commercialized Energy

New Engevix, active in the Energy, Infrastructure, and Industry sectors, is currently negotiating financing of approximately R$ 150 million with a national bank and an investment fund, out of a total of R$ 383 million to complete the works of the São Roque hydroelectric plant in Santa Catarina. Additionally, the remaining resources will come from credit provided by turbine and generator manufacturers, own resources, and advance revenue from already commercialized energy.

Works at the São Roque Plant Are 80% Completed by Engevix

The infrastructure work of the São Roque plant in Santa Catarina is 80% completed. With an installed capacity of 141.9 megawatts (MW), it can generate energy equivalent to the residential consumption of the four largest cities in the state: Florianópolis, Joinville, Chapecó, and Blumenau.

According to Ênio Schneider, project coordinator for the plant, the project is committed to delivering 60 average MW of energy to the distributors starting in 2025. The energy block, which corresponds to 75% of the marketable energy, will have a cash flow capable of supporting the financial equation of the project.

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Engevix Negotiates Million-Dollar Investment to Complete São Roque Power Plant Construction in Santa Catarina

Engevix Will Also Rely on Credit Provided by Turbine and Generator Manufacturers, Own Resources, and Advance Revenue from Already Commercialized Energy

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Works at the São Roque Plant Are 80% Completed by Engevix

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Engevix Negotiates Million-Dollar Investment to Complete São Roque Power Plant Construction in Santa Catarina

Engevix Will Also Rely on Credit Provided by Turbine and Generator Manufacturers, Own Resources, and Advance Revenue from Already Commercialized Energy

Read Also

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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