Hydro in Duke’s Plans for Latin America

2002-03-25 [SolarAccess.com] Duke Energy plans to increase its activities in Latin America, intending to increase its electricity generating capacity by buying state and federally owned generating companies when the privatization process restarts, or by buying licences to construct new hydro plants. The company is also currently constructing three gas-powered thermal plants, which will go into operation at the end of this year, and is considering building another. The company’s strategy with the thermal plants is not to sign long term sales contracts, preferring flexibility at the moment of sale and looking forward to greater freedom in the Brazilian energy market in the future.
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