Initec Energia to build 500MW gas-fired plant in Brazil

23 August 2011 (Last Updated August 23rd, 2011 18:30)

Initec Energia has secured a €260m contract to construct a 500MW combined-cycle gas-fired power plant in Maranhao, Brazil. The company secured the deal from MPX Energia, an energy company based in Brazil. The project is expected to begin commercial operations in 2014, rep

Initec Energia has secured a €260m contract to construct a 500MW combined-cycle gas-fired power plant in Maranhao, Brazil.

The company secured the deal from MPX Energia, an energy company based in Brazil.

The project is expected to begin commercial operations in 2014, reports Bloomberg.

Initec Energia is a subsidiary of Actividades de Construccion y Servicios.