Belo Monte Dam - Developer

Developer

The project is developed by Norte Energia. The consortium is controlled by the state-owned power company Eletrobras, which directly (15%) and through its subsidiaries Eletronorte (19.98%) and CHESF (15%) controls a 49.98% stake in the consortium.

In July 2010, the federal holding company Eletrobras stated that there were 18 partners and reported their adjusted share in the project:

• Eletronorte (subsidiary of Eletrobras) – 19.98%
• Eletrobras, state-owned company – 15%
• CHESF (subsidiary of Eletrobras) – 15%
• Bolzano Participacoes investments fund – 10%
• Gaia Energia e Participações (Bertin Group) – 9%
• Caixa Fi Cevics investments fund – 5%
• Construction firm OAS – 2.51%
• Queiroz Galvão, construction company – 2.51%
• Funcef pension fund – 2.5%
• Galvão Engenharia, construction company – 1.25%
• Contern Construções, construction company – 1.25%
• Cetenco Engenharia, construction company – 1.25%
• Mendes Junior, construction company – 1.25%
• Serveng-Civilsan, construction company – 1.25%
• J Malucelli, construction company – 1%
• Sinobras – 1%
• J Malucelli Energia, construction company – 0.25%

The Norte Energia consortium construction companies were reported to have originally held a 40% share.

In April 2012 it was announced that a $146 million contract was signed between Norte Energia S.A. and a consortium consisting of ARCADIS logos (a subsidiary of ARCADIS) holding a 35% share, and Themag, Concremat, and ENGECORPS, who will provide their engineering services to the project.