BNDES grants power loans
BNDES has approved financing of R$226m (US$94.6m) for specific purpose entities (SPEs) controlled by Alupar, an energy company owned by Alusa, to build two hydroelectric power plants in São Paulo State. Usina Paulista Lavrinhas de Energia SA, in Paraíba do Sul River, in Lavrinhas, will receive R$111.2m (US$46.6m), and Usina Paulista Queluz de Energia SA, in the city of Queluz, will get R$114.6m (US$48.0m).
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