TDA to Provide Feasibility Study Assistance For Coal-Fired Power Project in Santa Catarina, Brazil

For Immediate Release

Washington, DC (26 July 1999) - The U.S. Trade and Development Agency (TDA) today awarded a $214,150 grant to Brazil for a feasibility study on a coal-fired power project in Santa Catarina, Brazil. The grant was signed at a ceremony in Florianopolis, which was attended by TDA Project Analyst Sally Roever, U.S. Commercial Officer Julia Rauner, Director of Carbonífera Criciúma Alfredo Flavio Gazzola, and Director of Carbonífera Metropolitana Claudio Wasniewiski.

Because state and federal officials throughout Brazil are faced with a growing demand for energy, increasing the availability of reliable power is a top priority for the country. As part of meeting this goal, Brazil is committed to developing alternatives to hydroelectric power. This TDA-funded feasibility study will provide a master plan for a mine-mouth coal-fired power project in Santa Catarina, a project jointly sponsored by Carbonífera Criciúma S/A and Carbonífera Metropolitana S/A. The joint venture formed by the two companies will develop a mine-mouth power plant to burn locally-available, low-grade coal to provide additional cost-effective energy to surrounding areas. Parsons Energy & Chemicals Group of Pennsylvania will perform the study and contribute $35,850 toward completing the terms of reference.

The U.S. Trade and Development Agency, an independent agency of the U.S. Government, helps form mutually beneficial partnerships between U.S. private sector companies and overseas project sponsors. Last year, TDA provided assistance in 62 nations around the world, and invested over $3.1 million in Brazil.

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