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

Trabalhadores da Engevix

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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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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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