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Tapajós Hydropower Complex to Add 11 Gigawatts Brazilian Grid

Cordoba. Brazil wants to build the Tapajós hydropower complex as part of the country's 2019 Energy Expansion Decennial Plan, which estimates a $53.9 billion investment in hydropower generation projects.

The project involves the construction and operation of five power plants in the Madeira basin with a combined capacity of 10,948 megawatts (MW) and a total investment value of nearly $16 billion. The power plants will be situated along the rivers Tapajós and Jamanxim in the northern state of Pará, nearly 44 miles southwest of Itaituba.

Lima. Perupetro, Peru's state licensing agency for hydrocarbon exploration, said France's Total and U.S. company ConocoPhillips are among the companies interested in bidding for 25 new hydrocarbon lots.

Los Angeles. Venezuela’s President Hugo Chavez said his country will increase its oil production by 300,000 b/d toward yearend, but did not detail which fields the additional supplies would come from.

Chavez also suggested that Venezuela could increase its output despite its quota agreements with the Organization of Petroleum Exporting Countries because other members are producing under their quotas.

“Yes, OPEC has quotas,” Chavez acknowledged. “But there are OPEC countries that aren't able to fulfill their quotas because their production (capacity) went down.”