Date set for Belo Monte auction

19 March 2010


The country’s environmental regulator, Ibama, issued a preliminary licence for the project on the Xingu River last month, subject to conditions covering issues relating to water quality, wildlife, sanitation, resettlement, compensation and rehabilitation of degraded areas.

The project, to be located in the state of Para, will help Brazil meet soaring demand for electricity once developed, but it has been mired in controversy with environmental groups claiming the scheme will damage the ecosystem and threaten wildlife in the region.

Earlier this month is was reported that the cost of building the project have increased from previous estimates to $2B because of additional environmental protection issues.




Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.