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RIO DE JANEIRO, July 17 (Xinhua) -- China's State Grid1 Brazil Holding won a contract Thursday to build a gigantic transmission line for the Belo Monde hydroelectric dam, located deep in the Amazon rainforest.
In an auction2 realized at the Sao Paulo Stock Exchange, the State Grid subsidiary made the lowest bid by offering to operate the dam's second power line in exchange for 988 million reals a year (309 million U.S. dollars).
The winning offer was 19 percent lower than the maximum amount permitted in the auction. Spanish firm Abengoa came in second place in the bid.
As the winner, State Grid Brazil Holding has committed to finish building in 2019 and to begin operating the power line in 2020 and will maintain the concession3 for 30 years.
The second transmission line will run for 2,250 km and will connect the Belo Monte dam to the town of Nova Iguacu near Rio de Janeiro.
The project is expected to create 16,800 direct jobs in the states of Para, Tocantins, Goias, Minas Gerais and Rio de Janeiro.
The construction is estimated to require an investment of 7 billion reals (2.19 billion U.S. dollars) and will be spread across five Brazilian states.
According to Ramon Haddad, Vice-President for Operations at State Grid Brazil Holding, the scale of the project means that the Chinese firm will be seeking a partner in Brazil to help.
Construction on the Belo Monte dam began in March 2011 but has faced regular opposition5 by indigenous6 communities, farmers, fishermen and ecologists, who maintain the project will have a devastating7 environmental impact on the Amazon.
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1 grid | |
n.高压输电线路网;地图坐标方格;格栅 | |
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2 auction | |
n.拍卖;拍卖会;vt.拍卖 | |
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3 concession | |
n.让步,妥协;特许(权) | |
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4 mammoth | |
n.长毛象;adj.长毛象似的,巨大的 | |
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5 opposition | |
n.反对,敌对 | |
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6 indigenous | |
adj.土产的,土生土长的,本地的 | |
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7 devastating | |
adj.毁灭性的,令人震惊的,强有力的 | |
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8 judicial | |
adj.司法的,法庭的,审判的,明断的,公正的 | |
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9 tributary | |
n.支流;纳贡国;adj.附庸的;辅助的;支流的 | |
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10 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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