Chinese Consortium to Spend and Financing 1.1 GW Solar Farm in Brazil
- The consortium of CDIL & CMEC have actually participated in a development arrangement for the EPC and funding of a 1.1 GW solar project in Brazil
The consortium of China Development Integration Limited (CDIL) and China Machinery Engineering Corporation (CMEC) has revealed that they have entered into a development arrangement in connection with the EPC+F (engineering, purchase, construction + financing) of an 1100 MW (1.1 GW) solar photovoltaic project in Port Açu and also extra locations in Brazil.
The 1100MW photovoltaic or pv project will be developed by CDIL's subsidiary China-Brazil Integration Group Limited using a Special Purpose Vehicle (SPV) in Brazil. The project's total range is 1100 MW and also the project is expected to be constructed in stages. The first stage of 300 MW will cover an area of 6.6 million sq. m. whilst the 2nd phase of 800 MW will be found in 4 blocks with total location of about 11 million sq. m.
" We rely on strong EPC companions that are innovative and provide the highest levels of high quality as well as security, and also we are honored to companion with CMEC due to their strong performance history and expertise around the globe," said Edmond Amir of CDIL.
Total financial investment of the project is approximated to be around USD 1 billion in the form of EPC+F as well as additional Equity funds primarily from China.
As the EPC companion for the project, CMEC will supply a complete variety of professional options that include engineering style, purchase of local materials and also services, project building and construction, employment of neighborhood qualified workers, as well as upkeep of security standards and will certainly engage with neighborhood Brazilian engineering company to take care of the regional operation.
" CMEC is really pleased to have the possibility to take part in this milestone clean energy project in Brazil," claimed Prof Liu Cansheng, the Elderly Engineer and also General Manager Counsellor of CMEC. "This is the very first of a series of projects we are going to jointly carry out with CDIL."
CDIL is based in Hong Kong given that 1987 and also is engaged in large-scale facilities, transport, power, trading, agriculture, communication, pharmaceutical, real estate, financial modeling, and money procedures in mainland China and globally. CMEC is just one of the largest PRC's state-owned engineering having companies with over thirty years' experience in the engineering industry.
