ENEVA's power plant Parnaíba II, with 518,8 MW, received on July 1st the authorization of the Brazilian Electricity Regulatory Agency (Aneel) to start its commercial operation. For 20 years, the plant will receive the annual capacity payment, indexed to the IPCA inflation index, amounts to approximately R$425 million (reference date: November 2015). Total contractual revenues also include a variable component to cover fuel, operation and maintenance costs incurred when the Plant is required to generate power by the ONS, Brazil's National Power System Operator.
"We are proud to fulfill this important stage in the development of the Parnaíba Complex, which reaches 1.4 GW capacity and becomes responsible for about 11% of the fuel matrix of the country gas. ENEVA now offers 2,2 GW energy firm for Brazil", said the Company's CEO, José Drummond.