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Brazil contracts a third of the energy generated by Itaipu for its reserves

RIO DE JANEIRO, BRAZIL - The new generation projects, which will provide backup power to the Brazilian electricity system, were selected Tuesday in a public auction from among 132 proposals received by the National Electric Energy Agency (ANEEL) with a combined capacity to generate 56.7 GW.

Among the winners were two thermal plants of state-owned oil company Petrobras and one of Neoenergía, Brazil's second largest distributor, controlled by Spain's Iberdrola.

This was the first auction held by ANEEL to contract reserve power for the country, an unprecedented initiative organized amidst the greatest water crisis in the . . .

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