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China's SPIC to pay $2.25 bln to operate Brazil São Simão dam
September 27, 2017 / 1:44 PM / in 3 months

China's SPIC to pay $2.25 bln to operate Brazil São Simão dam

SAO PAULO, Sept 27 (Reuters) - China’s State Power Investment Corp will pay 7.18 billion reais ($2.25 billion) for a license to operate the São Simão hydropower plant, which was previously run by Companhia Energética de Minas Gerais, according to the result of a Brazilian government auction on Wednesday.

The amount represents a 6.5 percent premium to the minimum bid price set by the government. ($1 = 3.1957 reais) (Reporting by Luciano Costa; Writing by Ana Mano; Editing by W Simon)

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