According to newspaper Valor Economico, binational plant should cost $ 5 billion and enter service in 2022. BNDES is seen as the main funder.
Next year the Belo Monte dam will flood vast swathes of Amazon rainforest. Indian tribes living on the river have lost their fight to halt the project – now they await the floods that threaten their entire way of life.
In a letter to world leaders at the UN Climate Summit in New York, a group of over 50 organizations stated that large dams built in the tropics as part of the hydroelectric plants do not generate clean energy.
A plan to build a dozen dams in the Tapajós river basin would drive the loss of 950,000 hectares of rainforest by 2032 by spurring land speculation and mass migration to the region, suggests a study published by Imazon.
The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) granted a license to install the Hydroelectric Plant of São Manoel, planned at the Teles Pires River, at the border between Mato Grosso and Pará.
Brazil has, by hydropower in the current conditions, one of the cheapest sources and the Brazilian people pays the most expensive rates in the world.
Documentary with testimonies of people affected by hydroelectrics Santo Antonio and Jirau and Madeira river floods, amplified by dams.
Federal University of Rondônia researcher warns that hydroelectric plants of Santo Antônio and Jirau on the Madeira River could produce catastrophic results in Rondônia and Bolivia.
The world’s third largest hydroelectric dam is currently being built in the Amazon of Brazil. For the government, Belo Monte is a necessity. For roughly 20,000 people living in the Altamira region of Para State, it is the end of life as they knew it.