Iberdrola To Invest About 6.5 Billion Euros In Brazil Over The Next 5 Years

Written by Paulo Nogueira

Published on 27/05/2019 at 01:00

Updated on 27/05/2019 at 05:38

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Neoenergia Inaugurates Hydroelectric Plant in Paraná, Present at the Ceremony, the Chairman of the Board of Neoenergia, Jose Ignacio Galan, Highlighted the Importance of Brazil to the Company and Announced Investment Plans Amounting to R$ 30 Billion in the Coming Years

The Spanish group Iberdrola Announced That It Will Invest Approximately €6.5 Billion (Almost R$ 30 Billion) in Projects in Brazil Over the Next Five Years, Aiming to Improve Energy Supply in the Country. The Announcement Was Made by the President of Iberdrola, José Ignacio Sánchez Galán, During the Inauguration of the Baixo Iguaçu Hydroelectric Plant, a Project Managed by Neoenergia, a Subsidiary of the Spanish Group, and Companhia Paranaense de Energia (Copel).

The Plant, Located in Capanema, Paraná, Has Over 350 Megawatts of Power and Received R$ 2.3 Billion in Investments. The Energy Produced on Site Will Be Sufficient to Supply 1 Million People and Will Account for 8% of Annual Demand in Paraná.

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Baixo Iguaçu Is the Sixth Hydroelectric Plant Built in the Iguaçu Basin.

Installed on the Iguaçu River, Home to the Famous Falls, the Baixo Iguaçu Hydroelectric Plant Was Built with the Turbines Placed Only 15 Meters Below the Water Level, in a Type of Hydroelectric Plant Known as Run-of-River.

Unlike the More Common Models, Whose Large Reservoirs Require Flooding Extensive Areas, This Type of Plant Generates Less Energy, but at the Same Time Causes a Lower Environmental Impact.

The Installation of the Hydroelectric Plant Also Promoted Job Creation and Boosted Tax Revenue for Municipalities. With the Completion of the Project, the Annual Royalty Revenue Should Exceed R$ 4 Million for the Municipalities. The Resources Will Be Distributed to the Municipalities Proportionally, According to the Area Flooded by the Reservoir.

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Iberdrola To Invest About 6.5 Billion Euros In Brazil Over The Next 5 Years

Neoenergia Inaugurates Hydroelectric Plant in Paraná, Present at the Ceremony, the Chairman of the Board of Neoenergia, Jose Ignacio Galan, Highlighted the Importance of Brazil to the Company and Announced Investment Plans Amounting to R$ 30 Billion in the Coming Years

Baixo Iguaçu Is the Sixth Hydroelectric Plant Built in the Iguaçu Basin.

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Iberdrola To Invest About 6.5 Billion Euros In Brazil Over The Next 5 Years

Neoenergia Inaugurates Hydroelectric Plant in Paraná, Present at the Ceremony, the Chairman of the Board of Neoenergia, Jose Ignacio Galan, Highlighted the Importance of Brazil to the Company and Announced Investment Plans Amounting to R$ 30 Billion in the Coming Years

Baixo Iguaçu Is the Sixth Hydroelectric Plant Built in the Iguaçu Basin.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

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.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations