BNDES approves loan for hydropower plant

BNDES approves loan for hydropower plant

Project & Infrastructure Finance Loans Debt Energy Renewable Wind Gas Brazil

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

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