Davinopolis is a 74MW hydro power project. It is planned on Paranaiba river/basin in Goias, Brazil. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 74 | – | 74 | Permitting | Goias, Brazil | Companhia Energetica de Minas Gerais; Neoenergia |
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Description
The project is being developed and currently owned by Companhia Energetica de Minas Gerais and Neoenergia. The company’s ownership stake in the project stands as 51% and 49% respectively.
The gross head of the project will be 38m. The project cost is expected to be around $203.757m.
The hydro power project consists of 2 units of kaplan turbines.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About Companhia Energetica de Minas Gerais
Companhia Energetica de Minas Gerais SA (CEMIG) is an integrated energy utility. Through its subsidiaries and jointly controlled investees, it has presence across the entire electricity vertical. The company produces electric energy using biomass, wind, solar, hydro, fossil and nuclear sources; and procures electricity from Itaipu, regulated contracts,MRE, PROINFA, CCEE, bilateral contracts, CCEN, CCGF and local grids. CEMIG explores natural gas through various consortia in Sao Francisco and Reconcavo Basins, and distributes that to industrial, commercial, residential, automotive, co-generation markets and thermo-electric power plants in the State of Minas Gerais. It also provides consulting project services. CEMIG is headquartered in Belo Horizonte, Minas Gerais, Brazil.
About Neoenergia
Neoenergia SA (Neoenergia), a subsidiary of Iberdrola SA is an energy distribution company. The company’s business activities include electricity and power generation, distribution, transmission, commercialization, and trading services. It generates electricity through fuel source such as hydro, thermal, and wind power plants. Neoenergia also provides trading of electricity in the wholesale energy market. It serves consumer units in Bahia, Pernambuco and Rio Grande do Norte, and controls distributors Coelba, Celpe and Cosern. The company develops wind energy in wind farms located in northeastern Brazil. It also caters to residential, commercial, industrial, rural and public utility customers across Rio de Janeiro, Bahia, Minas Gerais, Rio Grande Norte, Pernambuco, Goias, and Mato Grasso. Neoenergia is headquartered in Rio de Janeiro, Brazil.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
