New Brazilian Thermal-Electric Plant to Use Carbon Capture Technology

Electricity in Brazil As announced by the Brazilian Development Bank (BNDES) on Thursday, May 21, the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais (US$ 690 million) by the BNDES.

The concession of credit is equivalent to 45.51% of total investment of 3.4 billion. The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The period for payment is 17 years.

The BNDES funds should be granted to the Society for the Specific Purpose of Pecém Port Electric Generation, established by MPX, which includes EBX, belonging to Eike Batista, and EDP Energy Brazil, controlled by the Portuguese EDP- Energias de Portugal.

The new plant should start operating in 2012. It should have a capacity for generation of 720 megawatts (MW) of energy. The project also counts on financial investment by the Inter-American Development Bank (IDB), equivalent to 1 billion reais (US$ 490 million).

According to information disclosed by the BNDES, the new thermal electric mill should adopt technologies for clean production, using coal as a fuel, with the objective of reducing environmental impact and emission of polluting gas.

According to a press statement by MPX, the company also plans to turn "a significant share of investment to the development of carbon capture technologies".

The technology is being developed by MPX and EDP Energies Brazil in partnership with Energo, from Ceará, and the Seambiotic Institute, of Israel. The plan is for the gas generated to be turned to a tank, where it will serve as food for micro algae. The project is a pioneer project in Brazil.

MPX informed, through its press department, that projects for social development of communities residing in the area surrounding the mill should be promoted, as should plans for environmental protection and preservation in the region.

ABr

Tags:

You May Also Like

Brazil’s Trade Surplus Keeps Growing. It’s Already Over US$ 31 Billion.

Brazilian shipments abroad resumed their growth pace last week, when the country exported products ...

Brazil’s Opposition Presidential Candidate Alckmin Has No Charisma

Brazil’s leading opposition candidate, Geraldo Alckmin, said during his party’s national convention, Tuesday, June ...

Brazil’s Lula Scare Tactics Widen His Lead in Reelection Bid

Brazilian President Luiz Inácio Lula da Silva widened his lead over rival Geraldo Alckmin, ...

In Brazil, Maternal Mortality Still 74 for 100,000 Births

The high rate of maternal mortality in Brazil is of concern to the World ...

Rad Carpet

Santana de Parnaíba, in the state of São Paulo, famous for its connection to ...

Black Plague May Wipe Out Brazilian Tribes

Brazil’s National Health Foundation is being accused of neglect for letting scores of Amazon ...

A Year After Floods Killed over 900 in Rio, Brazil Has Done Nothing to Prevent Future Tragedies

Brazil’s minister of National Integration, Fernando Bezerra Coelho, went before a special commission specially ...

Brazilian Banks’ Profits Raise Market’s Boat

Latin American stocks were mixed to higher, with Brazilian and Mexican shares gaining on ...

Online Presidential Debate in Brazil Draws 50 Million

Less than two months before ballot day, October 3. three major candidates for the ...

Brazil Appeals to Neighbors to Cut Dependency on the US and EU

Luiz Inácio Lula da Silva and Alvaro Uribe, the presidents of Brazil and Colombia, ...