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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Brazil Okays 11,000 Megawatt Hydro Project

LCG, April 30, 2001The Brazilian government, anxious to end the nation's electric power shortages with one massive project, intends to move forward with development of an 11,000 megawatt hydroelectric project on the Xingu River in the northern state of Para.

The $6 billion facility was first broached a decade ago but has languished because of environmental concerns, but the government, through the Ministry of Mining and Energy, now intends to proceed with the development at the town of Belo Monte on the Amazon tributary.

Officials at an energy forum in Sao Paulo last week said the plant would be financed with government and private money and could be completed by 2008. It would add almost 16 percent to the installed generating capacity in Brazil.

Original plans for the giant plant have been changed to take advantage of a curve in the Xingu River so that the impoundment will occupy space that is already flooded every year by the river.

The head of Electronorte, Para's state-run utility, said "Before the end of the year, the concession will be tendered and construction by private initiative with the government's support should start."

Changes in the original plans for the project, which make better use of the topography of the area, are hoped to prepare a path for significant external financing, particularly from the World Bank and the Inter-American Development Bank. Brazil's National Development Bank, federal power monopoly Eletrobras, mining giant Cia Vale do Rio Doce and Odebrecht industrial group are also seen as likely to take part in the project.

"It's a good moment to enter this project, which should make the electric system more secure," said National Energy Secretary Afonso Henriques Santos.

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