Spanish electric utilities company Iberdrola has commissioned the Teles Pires hydroelectric power plant in Brazil.
Teles Pires comes with an installed capacity of 1,820MW, which is sufficient to provide power to approximately five million people.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This project comprises five turbines, each with a capacity of 364MW.
Located on the border of Pará and Mato Grosso on the River Teles Pires, which is a tributary of the River Tapajós, the plant was developed by a consortium comprising Brazil-based Neoenergia (with a 50.1% stake), Furnas (24.5%), Eletrosul (24.5%) and Odebrecht (0.9%).
Iberdrola completed this project in 40 months.
Aorund 6,500 employees worked on the project.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataConstruction of a water-processing plant, sanitation facilities and areas for public use were required to commission the plant.
Iberdrola has been present in Brazil since 1997 through its 39% interest in Neoenergia.
Banco do Brasil has a 12% stake in Neoenergia while Previ has a 49% interest.
Iberdrola has a total installed capacity of 1,165 MW, most of which come from environmentally friendly facilities such as hydroelectric power plants and wind farms.
