Region: Latin America and Caribbean (LAC)
Country: Brazil
Sector: Energy and Power
Topic: Procurement
Keywords: PPPs by Sector *, Energy and Power PPPs **, Brazil, Hydropower
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Document Summary:
Toward Cleaner, Cheaper Power Streamlined Licensing of Hydroelectric Projects in Brazil
Document Details:
Practioner Note (PNote) Issue 29. Toward Cleaner, Cheaper Power Streamlined Licensing of Hydroelectric Projects in Brazil Brazil is confronted with steadily increasing demands for electricity. The country has the ability to meet that demand by developing its considerable hydropower potential, but the regulatory process that governs the approval of new hydroelectric plants imposes unnecessary delays that push up project costs and increase uncertainty. The process, among other reasons, has created a shortage of investment in otherwise viable hydropower projects in favor of less efficient and more harmful technologies. Brazil's electricity sector serves roughly sixty million residential and commercial customers and generates revenues of US$20 billion. With demand growing at a rate of 4.4 percent annually, an additional 3,000 megawatts of generating power will be needed by 2015. The cost of the new power plants needed to provide that power is estimated at US$40 billion.
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