Vale (mining Company) - Energy

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 Pará.

Vale's Hydroeletric power plants
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)

Famous quotes containing the word energy:

    “But often the presence of mind and energy of a person remote from the spotlight decide the course of history for centuries to come.”
    —Stefan Zweig (18811942)

    “Crime is naught but misdirected energy. So long as every institution of today, economic, political, social, and moral, conspires to misdirect human energy into wrong channels; so long as most people are out of place doing the things they hate to do, living a life they loathe to live, crime will be inevitable.”
    —Emma Goldman (1869–1940)

    “I say, stamping the words with emphasis,
    Drink from here energy and only energy,”
    —Stephen Spender (1909–1995)