BNDES makes R$6.1bn hydro loan
BNDES has approved a R$6.1bn (US$2.7bn) financing for the construction of the Santo Antônio hydro power plant, the highest financing granted to a single project in the bank's history. This and the Jirau power plant, in the city of Porto Velho, Rondônia state, are part of the Madeira River Complex. The complex will supply electric power to 15m people.
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