Fonte: ANEEL

The Brazilian Electricity Regulatory Agency’s (Aneel) collegiate board decided today (07/22) to deny the supply to the resource presented by the Consórcio Jirau Energia (CJE) against the result of Qualification of the UHE Jirau auction. In a public meeting , the directors voted to maintain the decision of the Agency’s Special Tender Commission (CEL), which qualified the Consórcio Energia Sustentável do Brasil (Cesb), winner of the auction, and 39 distribution leasers (see here) which acquired energy from the future entrepreneurship. The Consórcio Energia Sustentável do Brasil is formed by the companies Suez Energy South América Participações Ltda. (50.1%); Camargo Corrêa Investimentos em Infra-Estrutura S/A (9.9%); Eletrosul Centrais Elétricas S/A (20%) and Companhia Hidro Elétrica do São Francisco – Chesf (20%).

The Consórcio Jirau Energia (formed by Odebrecht Investimentos em Infra-Estrutura Ltda.; Construtora Norberto Odebrecht S/A; Andrade Gutierrez Participações S/A ; Cemig Geração e Transmissão S/A; Furnas Centrais Elétricas S/A and Fundo de Investimentos e Participações Amazônia Energia II) contested, in a resource presented this past June 27^th, the validity of the documents, presented by Cesb in the qualification – post-auction phase-, which prove the judicial, technical and economic-financial qualification and the fiscal regularity of the winner. According to that foreseen in the auction’s Edict, the Aneel Tender Commission granted the deadline of five working days for Consórcio Energia Sustentável do Brasil to present counter-reasons for the resource.

After a analysis of the considerations presented by the two consortiums, CEL published on the Agency’s site (www.aneel.gov.br) the Report of the Resource Analysis in which it denied supply to the resource and maintain the qualification result. All the documents presented are available on the link Espaço do Empreendedor/Editais de Geração/Leilão 05/2008 at the electronic address www.aneel.gov.br.

Homologation – The board of directors approved, also, the homologation and adjudication (ratification) of the auction result, which took place this past May 19^th. The concession for building and exploring the Jirau hydroelectric mill was auctioned by Cesb for the final cost of R$ 71.37 per megawatt-hour (MWh), with a discount of 22% in relation to the initial price defined in R$ 91.00 MWh. This value will be applied to 70% of the energy produced by the mill and sold to the distributors through Contracts of Purchase of Electricity in the Regulated Environment (CCEARs) with a duration of 30 years. The other 30% of the energy will be negotiated in the Free Contracting Environment (ACL). The mill’s concession contract and the CCEARs should be signed in January 2009, according to the forecast established on the edict’s chronogram.

UHE Jirau will have 3,300 megawatts of installed capacity. The undertaking should generate energy starting in January of 2013, date foreseen for entering in operation of the first three generating units. The project includes the installation of 44 turbines and the reservoir area will have 258 square kilometers. The deadline, counting from the signing of the concession contract to the final implementation of the undertaking, is 90 month, equivalent to 7.5 years. The total investment value, assessed by Empresa de Pesquisa Energética (EPE), for building the UHE Jirau was defined in R$ 8.7 billion, with a reference date of October 2007.

Data – To obtain more information about the Madeira River Hydroelectric Complex, click on the links below:

Questions and Answers

UHE Santo Antonio History

Formalities

UHE Jirau Numbers

Infrastructure numbers of the UHE Jirau auction

Action against the auction of the UHE Jirau

www.aneel.gov.br/complexomadeira