January 9 (Renewables Now) - Local port infrastructure company Grupo Interalli has started operations on a 9.1-MW small hydropower plant (HPP) in Brazil's Mato Grosso state, local media reported on Wednesday.
The PCH Recanto, as it is named, is the company's fifth renewable energy project. Some BRL 42 million (USD 10.3m/EUR 9.3m) were invested in the facility. Power sector regulator Aneel cleared the plant for operations in December 23, 2019.
Secured in the 2016 A-5 auction at a price of BRL 192.88 per MWh, PCH Recanto commenced its commercial operation one year ahead of schedule, which allowed Interalli to increase its internal return rate (TIR).
In addition to Recanto, Interalli has a 15-MW operational HPP and a 13-MW hydro project under the licensing phase in Mato Grosso. In Piaui, the group is licensing 540 MW of solar power.
(BRL 1 = USD 0.246/EUR 0.221)