Energy
Vale's energy business is focused at power production to fulfill the needs of its mining operations, as well as supplying the general Brazilian power grid. In 2005 it consumed 16.9 TWh of electrical power, accounting for 4.4% of Brazil's total consumption in that year.
Vale has participation in 8 hydroelectric plants, with 7 of these located in the state of Minas Gerais. Vale's investment in hydroelectric power plants totals $880 million. The company also plans to build a 600 MW thermoeletric power plant in the state of ParĂ¡.
Name | Location | Production Capacity | Vale's Ownership | Vale's Investment | Start of Operations |
Aimorés | Minas Gerais | 330 MW | 51% | $141 million | July 2005 |
Candonga | Minas Gerais | 140 MW | 50% | $46 million | September 2004 |
Capim Branco I | Minas Gerais | 240 MW | 48.42% | $90 million | February 2006 |
Capim Branco II | Minas Gerais | 210 MW | 48.42% | $90 million | May 2007 |
Estreito | Tocantins | 1,087 MW | 30% | $355 million | August 2009 |
Funil | Minas Gerais | 180 MW | 51% | $49 million | December 2002 |
Igarapava | Minas Gerais | 210 MW | 38.15% | $88.1 million | January 1999 |
Porto Estrela | Minas Gerais | 112 MW | 33.33%% | $20 million | September 2001 |
Vale also operates hydroeletric plants in Canada and two others in Indonesia. The company is building a third hydroeletric plant on the Larona River, Indonesia.
Read more about this topic: Vale (mining Company)
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