January 13, 2020
Brazil's national development bank BNDES said it has approved a BRL95 million ($23.3 million) loan for the Nova Guaporé hydroelectric power plant in the state of Mato Grosso.
The loan covers 75% of the BRL127 million in estimated investments in the project, BNDES said in a press release.
The local developer Polimix Energia took the loan through a special purpose entity called Nova Guaporé Energética. Polimix previously took a BRL72 million loan from BNDES for the Lajari hydroelectric plant in Ja
Brazil's national development bank covers 75% of investments in the Nova Guaporé project