The Portezuelo del Viento project was recently deemed environmentally feasible.
The US$85mn funding will allow biomass power generation firm Usina Batatais to make investments in its Lins and Batatais plants, both located in São Paulo state.
The objective of the project is to generate data for decision making on the possibilities of application in the region and that the country is better prepared to receive technological advances in the area of ​​renewable energies
The project represents an estimated investment of USD 9 million and will be ready in the second half of 2019
The resources will be used to refinance debt
Colombian President Iván Duque and his Ecuadorian counterpart Lenín Moreno pledged to step up electric power integration during talks in Quito.
Investments represent a 13% increase in comparison to the firm's previous plan