|
|
 |
|
 |
 |
05.29.08
»
BNDES approves R$ 369 million for energy cogeneration project
The Bank’s management approved a R$ 369 million credit for Cosan S/A Bioenergia. The company will implement three energy cogeneration plants, which will process sugarcane waste, with an installed capacity of 200 MW. BNDES will finance around 85% of total investments, which will generate 430 job opportunities during the works.
The new plants will be located nearby the sugar cane plants Costa Pinto, Rafard and Bonfim, respectively, in the state of São Paulo, to which the group Cosan will place priority. Projects will cover the construction of transmission lines will cost R$ 428.5 million.
Most part of the energy to be generated, 455.5 thousand MWh per crop, has been sold in auctions of energy yet to be generated, held by Agência Nacional de Energia Elétrica (Brazilian Electric Power Agency - Aneel). Energy supply is expected to start in 2009. The remaining portion will be used in the power plants. These three projects are expected to be completed within 24 months.
The projects supported by BNDES will deliver greater efficiency to the power plants, as the sugar cane waste will be better used for the generation of steam and energy. Additionally, energy produced from renewable sources will be supplied in greater amounts, which enable the generation of carbon credits. The group will sign a 15-year agreement with utility companies for the marketing of the energy produced.
The main Investments refer to the installation of highly efficient boilers, overhaul of turbines, replacement of turbine generators and purchase of equipment to reduce exhaust steam consumption. Energy export will also require investments for the implementation of a substation, besides a 2 km long
Costa Pinto – The Power Plant Costa Pinto, in Piracicaba, will receive a R$ 134,4 million financial support from BNDES, 76,2% of the total investment of R$ 180.3 million. With the implementation of the cogeneration unit, the plant will have an installed power of 75 MW. This will allow generating 230 thousand MWh per crop, 50 thousand MWh of which will be used in the plant itself and 180 thousand MWh will be sold. The plant currently has an installed power of 9,2 MW, which is used for the operation of the plant.
Rafard – For the thermal electric plant Rafard, in Rafard, BNDES approved a R$ 87.9 million financing, 82.1% of the total cost. The project will allow an installed power of 50 MW (which is currently 10,2 MW), generating up to 160 MWh per crop, 35 thousand MWh of which will be used for the operation of the plant and 129 thousand MWh will be sold.
Bonfim – The plant located in Guariba will have an installed power of 75 MW. BNDES will finance 90% (R$ 143.7 million) of total investments. The thermal electric plant will be capable of generating 250 thousand MWh per crop, 60 thousand MWh of which will be used in the operation of the plant and 190 thousand MWh will be sold.
Cosan S/A Bioenergia, whole-owned subsidiary of Cosan, was specifically setup to market surplus electric power, generated from sugarcane waste, produced in the power plants of the group. The company participated in the first auction of energy yet to be generated, held in December 2005, signing regulated energy trade agreements. Under these agreements, energy is expected to be supplied by May 2009.
 Back
to news
|
|
|
|
|
