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Brazil's Eletrobras to increase hydropower investment

Brazilian state power utility Eletrobras will invest 9bn Brazilian reais (£3.5bn) in Brazil’s largest hydropower and electricity projects this year, up from £2.1bn in 2009.

Eletrobras, which Latin America’s biggest power utility company, will prioritise investments in the 3.3GW Jirau and 3.15GW Santo Antonio hydroelectric power projects.

These projects jointly form the Madeira River hydroelectric complex – a controversial project to build two of the world’s largest run-of-the-river dams in one of Brazil’s most sensitive jungle regions.

When completed in 2014, the Madeira project will provide 6.45GW to Brazil’s energy grid – approximately 12.5% of the total.

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