Connect DIRECTLY to Brazilian Sellers, Buyers, Agents & Developers
Select Language:

Alstom announces £17m investment in Bahia

Date added: 23rd December, 2009 at 09:38
(view all articles from December, 2009)

Categories: Natural Resources

An investment in Bahia from an international energy company will see it assemble wind farms in the North East state.

Alstom Power revealed on Monday (December 21st 2009) that it had signed an initial agreement on the deal with the state government, which could see the wind farms begin operation in early 2011.

The company estimated that the investment in Bahia would be in the region of 50 million reais (£17.6 million).

Brazilian secretary of industry, commerce and mining James Correia said that the construction of the wind turbines is "very significant" for the state.

"We will have the opportunity to attract investment and technology transfer in the wind industry and add new tax revenue and more jobs for Bahia," he added.

According to Regulacion Eolica con Vehiculos Electricos, the North East states of Rio Grande do Norte, Rio Grande do Sol and Ceara currently account for more than 60 per cent of Brazil's wind power.ADNFCR-1477-ID-19527237-ADNFCR

Email this article to a friend

Related Articles

Vale announces $4bn investment in Ceara

Mining giant Vale has announced an investment in Ceara which will see the firm build a new steel mill in the North East state....

Date added: 22nd December, 2009 at 09:36
(view all articles from December, 2009)

read more >

Vale: Iron ore prices to rise in 2010

Investment in Brazil's natural resources could be a wise move, as the head of a mining giant has said that iron ore prices are set to rise in 2010....

Date added: 15th December, 2009 at 09:46
(view all articles from December, 2009)

read more >

Shell's investment in Brazil 'aids employment and economy'

Shell's investment in Brazil's offshore oilfields has benefited employment and helped attract additional outlay from businesses, according to a source at the company....

Date added: 10th December, 2009 at 09:02
(view all articles from December, 2009)

read more >
View News By Category: Apartments (7) • Economy (488) • Florianopolis (18) • Fortaleza (43) • Hotels (51) • Islands (8) • Joao Pessoa (6) • Land (1) • Natal (49) • Natural Resources (208) • Olympics 2016 (39) • Property News (248) • Rio (64) • Salvador (60) • Social and Affordable Housing in Brazil (26) • Tourism (166) • Villas (36) • World Cup 2014 (35) •
Archived News: August 2011 (13) • July 2011 (26) • June 2011 (28) • May 2011 (26) • April 2011 (24) • March 2011 (26) • February 2011 (26) • January 2011 (26) • November 2010 (22) • October 2010 (26) • September 2010 (26) • August 2010 (26) • July 2010 (26) • June 2010 (29) • May 2010 (26) • April 2010 (26) • March 2010 (27) • February 2010 (26) • January 2010 (27) • December 2009 (25) • November 2009 (27) • October 2009 (26) • September 2009 (26) • August 2009 (26) • July 2009 (26) • June 2009 (25) • May 2009 (26) • April 2009 (26) • March 2009 (26) • February 2009 (26) • January 2009 (26) • December 2008 (26) • November 2008 (27) • October 2008 (24) • September 2008 (29) • August 2008 (26) • July 2008 (39) • June 2008 (31) • May 2008 (28) • April 2008 (29) • March 2008 (3) •