BNDES approves loan for biomass project
The Brazilian Development Bank (BNDES), approved last week a R$87.75 million (USD21.4 million) loan to finance a biomass power cogeneration to be developed by Granol Industria, Comercio e Exportacao SA.
The total estimated investment of the project is R$97.5 million (USD23.8 million).
The plant, to be located in Anapolis, Goias state, will use pine wood chips and reforested eucalyptus as raw material. The goal of the plant is to reduce the company's dependence on the local electric utility and lower total operating costs related to the purchase of electricity.
Granol has been active since 1966 in the biodiesel sector, among other industrial areas such as oilseeds. Nowadays, Granol is within the top 50 largest agribusiness companies in Brazil.
Country news
-
-
October 14, 2015
Gamesa to provide turbines for 196 MW complex in Brazil
Gamesa has signed its first contract with Votorantim Energia for the supply, transportation, installation and commissioning of 98 G114-2.0 MW turbines at seven wind farms located in the state of Piauí, in eastern Brazil. Read more -
October 13, 2015
Casa dos Ventos inaugurates two wind parks in Brazil
Brazilian wind developer Casa Dos ventos has announced the starts of operations for two major wind complexes in Brazil. Read more -
October 08, 2015
Amatuzzi Matos Advogados announces energy partner
Luiz Eduardo B. Freitas, lawyer with more than 15 years of experience in large law firms and corporations, is joining Brazilian law firm Amatuzzi + Matos Advogados as a new Partner to lead the Energy Practice of the firm. Read more -
September 30, 2015
Regulatory approval for wind transaction in Brazil
Brazil's Administrative Council for Economic Defense (CADE) has given regulatory approval to transfer Salus Fundo de Investimento em Participacoes (FIP Salus) shares in ten wind farms to Furnas Centrais Eletricas. Read more -
March 21, 2014
11 firms for Feasibility study of street lighting PPP in Sao Paulo
The city of Sao Paulo has announced that eleven firm submitted feasibility studies to modernize, streamline, expand and maintain the street lighting of the city via a PPP project. Read more
