Page 9 - AsiaElec Week 20 2021
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AsiaElec RENEWABLES AsiaElec
Chinese consortium to finance
solar project in Brazil
CHINA CHINA Development Integration Ltd (CDIL) is expected to be constructed in stages. The first
and China Machinery Engineering Corp. phase of 300 MW will cover an area of 6.6mn
(CMEC) have announced that they have entered square metres and the second phase of 800 MW
into a development agreement for the engineer- will be in four blocks with total area of about
ing, procurement, construction and financing 11mn square metres. Total investment of the
(EPC+F) of a 1,100-MW photovoltaic (PV) project is estimated to be around $1bn in the
project in Port Açu and additional locations in form of EPC+F and additional equity funds,
Brazil. mainly from China.
Hong Kong-based CDIL is engaged in large- As the EPC partner for the project, CMEC
scale infrastructure, transportation, energy, will provide a complete range of professional
trading, agriculture, communication, phar- solutions that include engineering design, pro-
maceutical, real estate, financial modelling curement of local materials and services, pro-
and finance operations in mainland China and ject construction, recruitment of local trained
internationally. CMEC is one of the biggest state- personnel and maintenance of safety standards,
owned engineering contracting companies in and will engage with local Brazilian engineering
mainland China with more than 30 years’ expe- firms to handle the local operation.
rience in the engineering industry. Prof Liu Cansheng, the senior engineer and
The 1,100-MW PV project was originated general manager counsellor of CMEC, said this
by Brazilian natural resources and energy entre- is the first of a series of projects that will be jointly
preneur Eike Batista and will be developed by executed with CDIL and Batista. “It will bring
CDIL’s subsidiary China-Brazil Integration reliable solar energy to communities across the
Group through a special purpose vehicle (SPV) area and create hundreds of job opportunities to
in Brazil. local people.”
The project’s total scale is 1,100 MW and it
Week 20 19•May•2021 www. NEWSBASE .com P9
