BNDES Extends Hydroelectric Financing

Brazilian development bank BNDES is extending BRL209.6m ($134.36m) in financing for the development of 6 hydroelectric plants. BRL84.4m will be allocated to the Juruena complex which comprises 5 plants with an output of 91.4MW in Mato Grosso. The remaining BRL125.6m will go to a special purpose company called Lightger, which is a subsidiary of Light SA and operates hydroelectric plant PCH Paracambi in Rio de Janeiro. It is expected to begin operating in December this year.