The National Bank for Economic and Social Development or NBESD ( Portuguese : Banco Nacional de Desenvolvimento Econômico e Social , abbreviated: BNDES ) is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil . The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world (after the Chinese Development Bank , which boasts assets of around RMB 7.52 trillion, or around $ 1.2 tn). Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.
116-411: Among the objectives of BNDES are the strengthening of the capital structure of private companies, the development of capital markets, the trading of machines and equipment and the financing of exports. Since its establishment on June 20, 1952, BNDES has financed large-scale industrial and infrastructure endeavors and has played a significant role in the support of investments in agriculture, commerce, and
232-745: A greenhouse gas . According to the World Commission on Dams report, where the reservoir is large compared to the generating capacity (less than 100 watts per square metre of surface area) and no clearing of the forests in the area was undertaken prior to impoundment of the reservoir, greenhouse gas emissions from the reservoir may be higher than those of a conventional oil-fired thermal generation plant. In boreal reservoirs of Canada and Northern Europe, however, greenhouse gas emissions are typically only 2% to 8% of any kind of conventional fossil-fuel thermal generation. A new class of underwater logging operation that targets drowned forests can mitigate
348-463: A low-head hydro power plant with hydrostatic head of few meters to few tens of meters can be classified either as an SHP or an LHP. The other distinction between SHP and LHP is the degree of the water flow regulation: a typical SHP primarily uses the natural water discharge with very little regulation in comparison to an LHP. Therefore, the term SHP is frequently used as a synonym for the run-of-the-river power plant . The largest power producers in
464-416: A run-of-the-river model, in contrast to the large reservoirs characteristic of the 1975 plans. Also in 2002, Workers' Party leader Luiz Inácio Lula da Silva earned a victory in his campaign for president, having originally run unsuccessful campaigns in 1989 , 1994 and 1998 . Lula soon brokered political deals with the center and right-wing sectors in 2003, especially with ex-president José Sarney of
580-533: A 22.5 billion real loan for the construction of the Belo Monte Dam , a project that displaced local communities. The plan was strongly criticized by environmental groups and indigenous populations. In 2013, ~90% of BNDESPAR investments concentrates in five industries. In recent BNDES investments, lobby irregularities and conflict of interest arrives with JBS S.A. OGX / EBX Group , GPA (company) , and others. The bank has been criticized for supporting
696-429: 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. The dam complex is expected to cost upwards of $ 16 billion and the transmission lines $ 2.5 billion. The project
812-516: A 47,400 cubic metres per second (1,673,915 cu ft/s) maximum discharge. The dam's reservoir would also divert water into two 12 km (7 mi) long canals. These canals would supply water to the Dos Canais Reservoir, which is created within the "Big Bend" by the main dam, Belo Monte ( 3°06′44″S 51°48′56″W / 3.11222°S 51.81556°W / -3.11222; -51.81556 ( Belo Monte Dam ) ),
928-426: A dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel -powered energy plants. However, when constructed in lowland rainforest areas, where part of
1044-421: A flood and fail. Changes in the amount of river flow will correlate with the amount of energy produced by a dam. Lower river flows will reduce the amount of live storage in a reservoir therefore reducing the amount of water that can be used for hydroelectricity. The result of diminished river flow can be power shortages in areas that depend heavily on hydroelectric power. The risk of flow shortage may increase as
1160-809: A large natural height difference between two waterways, such as a waterfall or mountain lake. A tunnel is constructed to take water from the high reservoir to the generating hall built in a cavern near the lowest point of the water tunnel and a horizontal tailrace taking water away to the lower outlet waterway. A simple formula for approximating electric power production at a hydroelectric station is: P = − η ( m ˙ g Δ h ) = − η ( ( ρ V ˙ ) g Δ h ) {\displaystyle P=-\eta \ ({\dot {m}}g\ \Delta h)=-\eta \ ((\rho {\dot {V}})\ g\ \Delta h)} where Efficiency
1276-451: A larger amount of methane than those in temperate areas. Like other non-fossil fuel sources, hydropower also has no emissions of sulfur dioxide, nitrogen oxides, or other particulates. Reservoirs created by hydroelectric schemes often provide facilities for water sports , and become tourist attractions themselves. In some countries, aquaculture in reservoirs is common. Multi-use dams installed for irrigation support agriculture with
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#17327824720001392-475: A letter on 21 January 2011 stating that it did not oppose the issuance of a limited construction license. On 26 January 2011, a partial installation license was granted by IBAMA, authorizing Norte Energia to begin initial construction activities only including forest clearing, the construction of easement areas, and improvement of existing roads for the transport of equipment and machinery. In February 2011, Norte Energía signed contracts with multiple suppliers for
1508-559: A modeling system it became obvious that Belo Monte would require additional upstream dams to provide water storage for dry season generation. CSF concluded that Belo Monte would not be sustainable without the proposed Altamira (Babaquara) dam which would have a reservoir more than 10 times the size of Belo Monte's, flood 30 times the area submerged by Belo Monte, indigenous territories of the Araweté /Igarapé Ipixuna, Koatinemo , Arara , Kararaô , and Cachoeira Seca do Irirí natives. Due to
1624-476: A new environmental impact assessment for the Belo Monte Dam Complex, which presented three alternatives. Alternative A included the six original dams planned in 1975. Alternative B included a reduction to four dams, dropping Jarina and Iriri. Alternative C included a reduction to Belo Monte only. The new environmental impact assessment contained reductions in reservoir size and the introduction of
1740-480: A new national investment program was introduced: the Programa de Aceleração do Crescimento (Program to Accelerate Growth). The Belo Monte Dam Complex figured as an anchor project of the new investment plan. In 2008, another new environmental impact assessment was written, this time by Eletrobras with the participation of Odebrecht , Camargo Corrêa , and Andrade Gutierrez , which formally accepted Alternative C or
1856-496: A normal elevation area of 97 metres (318 ft) above sea level. The Bela Vista Dam which serves as the complex's secondary spillway would have a maximum discharge capacity of 14,600 cubic metres per second (520,000 cu ft/s). Shortly before the planned installation of the dam's last (18th) turbine in November 2019, it was revealed that catastrophic failure of the dam was possible due to exposure of an unprotected area of
1972-592: A positive risk adjusted return, unless appropriate risk management measures are put in place. While many hydroelectric projects supply public electricity networks, some are created to serve specific industrial enterprises. Dedicated hydroelectric projects are often built to provide the substantial amounts of electricity needed for aluminium electrolytic plants, for example. The Grand Coulee Dam switched to support Alcoa aluminium in Bellingham, Washington , United States for American World War II airplanes before it
2088-548: A relatively constant water supply. Large hydro dams can control floods, which would otherwise affect people living downstream of the project. Managing dams which are also used for other purposes, such as irrigation , is complicated. In 2021 the IEA called for "robust sustainability standards for all hydropower development with streamlined rules and regulations". Large reservoirs associated with traditional hydroelectric power stations result in submersion of extensive areas upstream of
2204-471: A report from staff members of FUNAI , Fundação Nacional do Índio, (National Indian Foundation) had sent a report to IBAMA expressing concerns about the location of the project, its impact on reservation land, and the lack of attention to needs of the indigenous people, especially the Paquiçamba and recommending that FUNAI oppose any license to operate. Despite this report, FUNAI senior management sent IBAMA
2320-431: A report in 2007 stating that Brazil could cut its expected demand for electricity by 40% by 2020 by investing in energy efficiency . The power saved would be equivalent to 14 Belo Monte hydroelectric plants and would result in national electricity savings of up to R$ 33 billion (US$ 19 billion). Ex-director of ANEEL Afonso Henriques Moreira Santos stated that large dams such as Belo Monte were not necessary to meet
2436-625: A report on the EIA, finding "various omissions and methodological inconsistencies in the EIA..." Among the problems cited within the EIA were the project's uncertain cost, deforestation, generation capacity, greenhouse gas emissions and in particular the omission of consideration for those affected by the river being mostly diverted in the 100 km (62 mi) long "Big Bend" (Volta Grande). Two senior officials at IBAMA, Leozildo Tabajara da Silva Benjamin and Sebastião Custódio Pires, resigned their posts in 2009 citing high-level political pressure to approve
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#17327824720002552-540: A result of climate change . One study from the Colorado River in the United States suggest that modest climate changes, such as an increase in temperature in 2 degree Celsius resulting in a 10% decline in precipitation, might reduce river run-off by up to 40%. Brazil in particular is vulnerable due to its heavy reliance on hydroelectricity, as increasing temperatures, lower water flow and alterations in
2668-588: A result, carbon emissions are emitted from the dam each year it is in operation. A 1990 study of the Curuá-Una Dam , also in Brazil, found that it pollutes 3.5 times more in carbon dioxide equivalent than an oil power plant generating an equal amount of electricity would; not in the form of the CO 2 atmospheric pollution associated with fossil fuel burning, but as the more dangerous methane emissions . Furthermore,
2784-548: A series of 28 dykes around the reservoir's perimeter and the Bela Vista Dam ( 3°19′46″S 51°47′27″W / 3.32944°S 51.79083°W / -3.32944; -51.79083 ( Bela Vista Dam ) ) which lies on the Dos Canais Reservoir's eastern perimeter. The Belo Monte Dam would support the main power station in the complex. The power station was to have twenty vertical Francis turbines listed at 550 MW (max 560 MW). Supplying each turbine with water
2900-913: A site that offers a 87.5 m (287 ft) drop. One engineer said of the dam: "God only makes a place like Belo Monte once in a while. This place was made for a dam." President of Eletronorte, José Muniz Lopes, in an interview with the newspaper O Liberal (Belo Monte entusiasma an Eletronorte por Sônia Zaghetto, 15 July 2001), affirmed: " Within the electric sector's planning for the period 2010/2020, we’re looking at three dams – Marabá (Tocantins river), Altamira (previously called Babaquara, Xingu River) and Itaituba (São Luís do Tapajós). Some journalists say that we are not talking about these dams because we’re trying to hide them. It’s just that their time has not yet come. We’re now asking for authorization to intensify our studies for these dams. Brazil would be greatly benefited if we could follow Belo Monte with Marabá, then Altamira and Itaituba. " In 2002, Eletronorte presented
3016-448: A small TV/radio). Even smaller turbines of 200–300 W may power a few homes in a developing country with a drop of only 1 m (3 ft). A Pico-hydro setup is typically run-of-the-river , meaning that dams are not used, but rather pipes divert some of the flow, drop this down a gradient, and through the turbine before returning it to the stream. An underground power station is generally used at large facilities and makes use of
3132-455: A source of low-cost renewable energy. Alternatively, small hydro projects may be built in isolated areas that would be uneconomic to serve from a grid, or in areas where there is no national electrical distribution network. Since small hydro projects usually have minimal reservoirs and civil construction work, they are seen as having a relatively low environmental impact compared to large hydro. This decreased environmental impact depends strongly on
3248-414: A start-up time of the order of a few minutes. Although battery power is quicker its capacity is tiny compared to hydro. It takes less than 10 minutes to bring most hydro units from cold start-up to full load; this is quicker than nuclear and almost all fossil fuel power. Power generation can also be decreased quickly when there is a surplus power generation. Hence the limited capacity of hydropower units
3364-517: A structural volume (embankments included) of 25,356,000 cubic metres (895,400,000 cu ft); while the Bella Vista would be 33 metres (108 ft) high and 351 metres (1,152 ft) long, with a structural volume of 239,500 cubic metres (8,460,000 cu ft). The Dos Canais Reservoir would have a normal capacity of 1,889,000,000 cubic metres (1,531,000 acre⋅ft), a normal surface area of 108 square kilometres (42 sq mi) and
3480-483: A structural volume of 4,768,000 cubic metres (168,400,000 cu ft). It would create the Calha Do Xingu Reservoir which would have a normal capacity of 2,069,000,000 cubic metres (1,677,000 acre⋅ft) and surface area of 333 square kilometres (129 sq mi). The dam would support a power station and its spillway would serve as the complex's principal spillway with 17 floodgates and
3596-581: A total of 1,500 terawatt-hours (TWh) of electrical energy in one full cycle" which was "about 170 times more energy than the global fleet of pumped storage hydropower plants". Battery storage capacity is not expected to overtake pumped storage during the 2020s. When used as peak power to meet demand, hydroelectricity has a higher value than baseload power and a much higher value compared to intermittent energy sources such as wind and solar. Hydroelectric stations have long economic lives, with some plants still in service after 50–100 years. Operating labor cost
Brazilian Development Bank - Misplaced Pages Continue
3712-513: A turbine house would have an installed capacity of 233.1 MW, containing 38.85 MW bulb turbines . The generation facility is planned to have 18 Francis turbines with a capacity of 611.11 MW each. In February 2011, Norte Energía signed contracts with: Walter Coronado Antunes, the former Secretary of the Environment of the state of São Paulo, and ex-President of the state water and sanitation utility Sabesp , has said that
3828-513: A year-round flow of water, thus increasing the availability of generation. Supporters of the project point out that the seasonal minimum flow of the Xingu river occurs at a time when other Brazilian hydro plants are well supplied, so that no additional dams would have to be built. Reportedly, Brazil's National Council for Power Policies approved a resolution, previously sanctioned by then president Lula, that only one hydroelectric dam would be built on
3944-435: Is electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity , almost 4,210 TWh in 2023, which is more than all other renewable sources combined and also more than nuclear power . Hydropower can provide large amounts of low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has
4060-452: Is hydroelectric power on a scale serving a small community or industrial plant. The definition of a small hydro project varies but a generating capacity of up to 10 megawatts (MW) is generally accepted as the upper limit. This may be stretched to 25 MW and 30 MW in Canada and the United States. Small hydro stations may be connected to conventional electrical distribution networks as
4176-495: Is a 113-metre-long (371 ft), 11.2 metres (37 ft) diameter penstock , affording an average of 89.3 metres (293 ft) of hydraulic head . The Pimental Dam's power station was to have seven Kaplan bulb turbines, each rated at 25.9 MW and with 13.1 metres (43 ft) of hydraulic head . Later the unit count was decreased by using more powerful units (see next section). The Belo Monte Dam would be 90 metres (300 ft) tall and 3,545 metres (11,631 ft) long, with
4292-635: Is also usually low, as plants are automated and have few personnel on site during normal operation. Where a dam serves multiple purposes, a hydroelectric station may be added with relatively low construction cost, providing a useful revenue stream to offset the costs of dam operation. It has been calculated that the sale of electricity from the Three Gorges Dam will cover the construction costs after 5 to 8 years of full generation. However, some data shows that in most countries large hydropower dams will be too costly and take too long to build to deliver
4408-885: Is being developed by the state-owned power company Eletronorte , and would be funded largely by the Brazilian Development Bank (BNDES). The project will also include substantial amounts of funding from Brazilian pension funds Petros, Previ, and Funcef. Private investors interested in the project include mining giants Alcoa and Vale (to power new mines nearby like the proposed Belo Sun gold mine ), construction conglomerates Andrade Gutierrez , Votorantim, Grupo OAS, Queiroz Galvão, Odebrecht and Camargo Corrêa , and energy companies GDF Suez and Neoenergia. In 2006, Conservation Strategy Fund (CSF) analyzed different cost-benefit scenarios for Belo Monte as an energy project, excluding environmental costs. Initial benefits appeared marginal. When simulating energy benefits using
4524-471: 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: The Norte Energia consortium construction companies were reported to have originally held
4640-492: Is expected to be appealed in the Supreme Federal Court . On 25 April 2012, a regional judge ruled an upcoming employee strike to be illegal. Workers were seeking improved payments and additional time-off. However, according to the court the contractor company did not violate its terms and as such, its employees will be fined for R$ 200,000 (US$ 106,000) per day if they do not attend. On 14 August 2012, work on
4756-470: Is highest in the winter when solar energy is at a minimum. Pico hydro is hydroelectric power generation of under 5 kW . It is useful in small, remote communities that require only a small amount of electricity. For example, the 1.1 kW Intermediate Technology Development Group Pico Hydro Project in Kenya supplies 57 homes with very small electric loads (e.g., a couple of lights and a phone charger, or
Brazilian Development Bank - Misplaced Pages Continue
4872-445: Is initially produced during construction of the project, and some methane is given off annually by reservoirs, hydro has one of the lowest lifecycle greenhouse gas emissions for electricity generation. The low greenhouse gas impact of hydroelectricity is found especially in temperate climates . Greater greenhouse gas emission impacts are found in the tropical regions because the reservoirs of power stations in tropical regions produce
4988-462: Is not an energy source, and appears as a negative number in listings. Run-of-the-river hydroelectric stations are those with small or no reservoir capacity, so that only the water coming from upstream is available for generation at that moment, and any oversupply must pass unused. A constant supply of water from a lake or existing reservoir upstream is a significant advantage in choosing sites for run-of-the-river. A tidal power station makes use of
5104-452: Is not generally used to produce base power except for vacating the flood pool or meeting downstream needs. Instead, it can serve as backup for non-hydro generators. The major advantage of conventional hydroelectric dams with reservoirs is their ability to store water at low cost for dispatch later as high value clean electricity. In 2021, the IEA estimated that the "reservoirs of all existing conventional hydropower plants combined can store
5220-410: Is often higher (that is, closer to 1) with larger and more modern turbines. Annual electric energy production depends on the available water supply. In some installations, the water flow rate can vary by a factor of 10:1 over the course of a year. Hydropower is a flexible source of electricity since stations can be ramped up and down very quickly to adapt to changing energy demands. Hydro turbines have
5336-596: Is the case for the "Big Bend" (Volta Grande) region. As a result, the electric utility ANEEL canceled the project auction. The same day, the appellate court for Region 1 disenfranchised the Attorney General's suspension, reinstating the project auction at ANEEL. On 26 August 2010, President Luiz Inácio Lula da Silva signed the contract with the Norte Energia at a ceremony in Brasília. Construction
5452-679: The Bonneville Dam in 1937 and being recognized by the Flood Control Act of 1936 as the premier federal flood control agency. Hydroelectric power stations continued to become larger throughout the 20th century. Hydropower was referred to as "white coal". Hoover Dam 's initial 1,345 MW power station was the world's largest hydroelectric power station in 1936; it was eclipsed by the 6,809 MW Grand Coulee Dam in 1942. The Itaipu Dam opened in 1984 in South America as
5568-549: The Industrial Revolution would drive development as well. In 1878, the world's first hydroelectric power scheme was developed at Cragside in Northumberland , England, by William Armstrong . It was used to power a single arc lamp in his art gallery. The old Schoelkopf Power Station No. 1 , US, near Niagara Falls , began to produce electricity in 1881. The first Edison hydroelectric power station,
5684-806: The International Exhibition of Hydropower and Tourism , with over one million visitors 1925. By 1920, when 40% of the power produced in the United States was hydroelectric, the Federal Power Act was enacted into law. The Act created the Federal Power Commission to regulate hydroelectric power stations on federal land and water. As the power stations became larger, their associated dams developed additional purposes, including flood control , irrigation and navigation . Federal funding became necessary for large-scale development, and federally owned corporations, such as
5800-487: The Reservatorio da Calha do Xingu (Xingu Riverbed Reservoir), and electricity would be generated from the two reservoirs using three dams: a complementary powerhouse called Pimental (233 MW), a complementary spillway called Bela Vista, and the main powerhouse called Belo Monte (11,000 MW). The Reservatorio dos Canais would be retained by over a dozen large dikes, and water from the reservoirs would be channeled towards
5916-633: The Tennessee Valley Authority (1933) and the Bonneville Power Administration (1937) were created. Additionally, the Bureau of Reclamation which had begun a series of western US irrigation projects in the early 20th century, was now constructing large hydroelectric projects such as the 1928 Hoover Dam . The United States Army Corps of Engineers was also involved in hydroelectric development, completing
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#17327824720006032-583: The Vulcan Street Plant , began operating September 30, 1882, in Appleton, Wisconsin , with an output of about 12.5 kilowatts. By 1886 there were 45 hydroelectric power stations in the United States and Canada; and by 1889 there were 200 in the United States alone. At the beginning of the 20th century, many small hydroelectric power stations were being constructed by commercial companies in mountains near metropolitan areas. Grenoble , France held
6148-506: The potential energy of dammed water driving a water turbine and generator . The power extracted from the water depends on the volume and on the difference in height between the source and the water's outflow. This height difference is called the head . A large pipe (the " penstock ") delivers water from the reservoir to the turbine. This method produces electricity to supply high peak demands by moving water between reservoirs at different elevations. At times of low electrical demand,
6264-400: The water frame , and continuous production played a significant part in the development of the factory system, with modern employment practices. In the 1840s, hydraulic power networks were developed to generate and transmit hydro power to end users. By the late 19th century, the electrical generator was developed and could now be coupled with hydraulics. The growing demand arising from
6380-513: The 2008 environmental impact assessment and permitted the project auction to take place in April 2010. In April 2010, Odebrecht, Camargo Corrêa, and CPFL Energia dropped out of the project tender, arguing that the artificially low price of the auction (R$ 83/US$ 47) set by the government was not viable for economic returns on investment. On 20 April 2010, the Norte Energia consortium won the project auction by bidding at R$ 77.97/ MWh , almost 6% below
6496-566: The Amazon forest. Though argued to be a relatively small area for a dam's energy output, this output cannot be fully obtained without the construction of other dams planned within the dam complex. The expected area of reservoir for the Belo Monte dam and the necessary Altamira dam together will exceed 6500 km of rainforest. The environmental impact assessment written by Eletrobras, Odebrecht, Camargo Corrêa, and Andrade Gutierrez listed
6612-660: The BNDES group: FINAME and BNDESPAR. Together, the three companies comprise the BNDES System. The BNDES President is appointed by the President of Brazil . Belo Monte Dam The Belo Monte Dam ( formerly known as Kararaô ) is a hydroelectric dam complex on the northern part of the Xingu River in the state of Pará , Brazil . After its completion, with the installation of its 18th turbine, in November 2019,
6728-433: The Belo Monte Dam Complex would be one of the least efficient hydro-power projects in the history of Brazil, producing only 10% of its 11,233 MW nameplate capacity between July and October (1,123 MW, and an average of only 4,419 MW throughout the year, or a 39% capacity factor ). According to the president of Brazil's Energy Research Company (EPE), 39% is "just a little below" Brazil's average of 55%. Normally,
6844-512: The Belo Monte Dam complex (including the now aborted Altamira Dam) in order to reach environmental sustainability over fossil fuel energy. Dams in Brazil emit high amounts of methane, due to the lush jungle covered by waters each year as the basin fills. Carbon is trapped by foliage, which then decays anaerobically with help from methanogens , converting the carbon to methane, which is a more potent greenhouse gas than carbon dioxide. As
6960-445: The Belo Monte Dam would measure 4,571 MW, 39% of its maximum capacity. Brazil's rapid economic growth over the last decade has provoked a huge demand for new and stable sources of energy, especially to supply its growing industries. In Brazil, hydroelectric power plants produce over 66% of the electrical energy. The Government has decided to construct new hydroelectric dams to guarantee national energy security . However, there
7076-402: The Belo Monte dam is cheaper both in economic and in socio-environmental costs. The project is strongly criticized by indigenous people and numerous environmental organizations in Brazil plus organizations and individuals around the world. Belo Monte's 668 square kilometres (258 sq mi) of reservoir will flood 400 square kilometres (150 sq mi) of forest, about 0.01% of
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#17327824720007192-477: The Belo Monte-Babaquara dam complex would emit 11.2 million metric tons of Carbon dioxide equivalent , and an additional 0.783 million metric tons of CO 2 equivalent would be generated during construction and connection to the national energy grid. This independent study estimates greenhouse gas emissions of an amount that would require 41 years of optimal energy production from
7308-463: The IEA released a main-case forecast of 141 GW generated by hydropower over 2022–2027, which is slightly lower than deployment achieved from 2017–2022. Because environmental permitting and construction times are long, they estimate hydropower potential will remain limited, with only an additional 40 GW deemed possible in the accelerated case. In 2021 the IEA said that major modernisation refurbishments are required. Most hydroelectric power comes from
7424-624: The Pimental site. The power station was completed in November 2019. Plans for what would eventually be called the Belo Monte Dam Complex began in 1975 during Brazil's military dictatorship , when Eletronorte contracted the Consórcio Nacional de Engenheiros Consultores (CNEC) to realize a hydrographic study to locate potential sites for a hydroelectric project on the Xingu River. CNEC completed its study in 1979 and identified
7540-506: The Xingu. With one dam, critics do not see a cost-to-benefit ratio advantage and question the government's decision to construct only one. Additional upstream dams would directly or indirectly affect 25,000 indigenous people in the entire Xingu basin. Of particular note is the Altamira (Babaquara) Dam, which would flood an additional 6,140 square kilometres (2,370 sq mi) of reservoir, according to its original design. The project
7656-464: The ability to transport particles heavier than itself downstream. This has a negative effect on dams and subsequently their power stations, particularly those on rivers or within catchment areas with high siltation. Siltation can fill a reservoir and reduce its capacity to control floods along with causing additional horizontal pressure on the upstream portion of the dam. Eventually, some reservoirs can become full of sediment and useless or over-top during
7772-595: The balance between stream flow and power production. Micro hydro means hydroelectric power installations that typically produce up to 100 kW of power. These installations can provide power to an isolated home or small community, or are sometimes connected to electric power networks. There are many of these installations around the world, particularly in developing nations as they can provide an economical source of energy without purchase of fuel. Micro hydro systems complement photovoltaic solar energy systems because in many areas water flow, and thus available hydro power,
7888-496: The capacity factor of hydroelectric power plants is between 30% and 80%, while wind power is typically between 20% and 40%. According to a study by Eletrobras, even when at reduced capacities, Belo Monte would still have the capacity to supply the entire state of Para with electricity. Critics claim that the project would only make financial sense if the Brazilian government builds additional dam reservoirs upstream to guarantee
8004-518: The conditionality and all the trappings around the old institutions ". Despite the recognition of financial volume, effective infrastructure and organization, the bank is used by only a few industries. The concentration of financial volume in few and perhaps questionable industries contradicts the bank's development and diffusion goals. The concentration contrasts greatly with Brazilian's per capita income and its many small and medium-sized enterprises . The president of BNDES oversees both subsidiaries of
8120-499: The construction only of the Belo Monte dam itself. The assessment also presented further design changes; in order to avoid inundating indigenous territory, which is not permitted by the Brazilian Constitution, the new design included two canals to divert the water away from indigenous territories and into a reservoir called the Reservatorio dos Canais (Canals Reservoir). An additional reservoir would be created called
8236-501: The country facilitates the dissemination of credit, enabling greater access to BNDES's financial services. BNDES has three integral subsidiaries: FINAME, BNDESPAR, and BNDES Limited. Together, the three companies comprise the BNDES System. BNDES has been accused of operating with larger firms in a corrupt manner and giving help to big corporations instead of small and medium-sized private businesses. Operating with statutes of "ethical and environmental principles", in 2012, BNDES approved
8352-404: The daily rise and fall of ocean water due to tides; such sources are highly predictable, and if conditions permit construction of reservoirs, can also be dispatchable to generate power during high demand periods. Less common types of hydro schemes use water's kinetic energy or undammed sources such as undershot water wheels . Tidal power is viable in a relatively small number of locations around
8468-537: The dam began in 1975 but were soon shelved due to controversy; they were later revitalized in the late 1990s. In the 2000s, the dam was redesigned, but faced renewed controversy and controversial impact assessments were carried out. On 26 August 2010, a contract was signed with Norte Energia to construct the dam once the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) had issued an installation license. A partial installation license
8584-640: The dam further upstream. The main rationale for this was to reduce flooding of the Bacajá Indigenous Area. In 1998, the Babaquara Dam was again placed into planning but under a new name, the Altamira Dam. This surprised local leaders as they felt plans for the dams above Belo Monte were cancelled. Some officials in Brazil were determined to build a dam on a river with an average flow of 7,800 m /s (275,454 cu ft/s) and at
8700-444: The dam wall to wave action in the then prevailing low water level. In an 11 October 2019 Norte Energia report, the company's CEO requested more water from an intermediate reservoir to add to the dangerously low 95.2 meter water level. The planned capacity of Belo Monte is listed at 11,233 MW. It is composed of the main Belo Monte Dam, and its turbine house with an installed capacity of 11,000 MW. The Pimental Dam which also includes
8816-601: The dam was halted by order of the Brazilian Federal Court, when federal judge Souza Prudente, halted construction on the controversial Belo Monte dam in the Amazon, saying that the indigenous peoples had not been consulted. The Supreme Federal Court overturned the decision on 28 August and ordered construction to recommence. A federal court overturned a lower court ruling that had suspended the dam's operating license in January 2016. The lower court suspension
8932-421: The dams in a letter to Brazilian President Luiz Inácio Lula da Silva in 2010. The fish fauna of the Xingu river is extremely rich with an estimated 600 fish species and with a high degree of endemism . The area either dried out or drowned by the dam spans the entire known world distribution of a number of species, e.g. the zebra pleco ( Hypancistrus zebra ), the sunshine pleco ( Scobinancistrus aureatus ),
9048-505: The dams, sometimes destroying biologically rich and productive lowland and riverine valley forests, marshland and grasslands. Damming interrupts the flow of rivers and can harm local ecosystems, and building large dams and reservoirs often involves displacing people and wildlife. The loss of land is often exacerbated by habitat fragmentation of surrounding areas caused by the reservoir. Hydroelectric projects can be disruptive to surrounding aquatic ecosystems both upstream and downstream of
9164-521: The decision. On 28 September though, due to concerns for local fishers, a federal judge prohibited Norte Energia from "building a port, using explosives, installing dikes, building canals and any other infrastructure work that would interfere with the natural flow of the Xingu river, thereby affecting local fish stocks". On 9 November, construction was allowed to recommence after federal judge Maria do Carmo Cardoso ruled that indigenous people did not have to be consulted by law before work approval. The ruling
9280-596: The design, production, installation and commissioning of generation and associated equipment. On 1 June 2011, IBAMA granted the full license to construct the dam after studies were carried out and the consortium agreed to pay $ 1.9 billion in costs to address social and environmental problems. The only remaining license is one to operate the dam's power plant. On 25 February 2011, the Federal Public Prosecutor filed its 11th lawsuit against Belo Monte Dam, suspending IBAMA's partial installation license, on
9396-705: The effect of forest decay. Another disadvantage of hydroelectric dams is the need to relocate the people living where the reservoirs are planned. In 2000, the World Commission on Dams estimated that dams had physically displaced 40–80 million people worldwide. Because large conventional dammed-hydro facilities hold back large volumes of water, a failure due to poor construction, natural disasters or sabotage can be catastrophic to downriver settlements and infrastructure. During Typhoon Nina in 1975 Banqiao Dam in Southern China failed when more than
9512-399: The excess generation capacity is used to pump water into the higher reservoir, thus providing demand side response . When the demand becomes greater, water is released back into the lower reservoir through a turbine. In 2021 pumped-storage schemes provided almost 85% of the world's 190 GW of grid energy storage and improve the daily capacity factor of the generation system. Pumped storage
9628-409: The flooding of its reservoir will create a similar situation. If the dam builders cleared the forest beforehand, they would remove the organic matter from the reservoir floor and the dam would produce less of the greenhouse gas methane. However, in the case of Tucuruí , only the economically necessary forest was cut (10%, near the opening to the spillway) and the rest was left intact to be flooded by
9744-632: The following possible adverse effects In February 2010, Brazilian environmental agency IBAMA granted an environmental license for the construction of the dam despite uproar from within the agency about incomplete information in the Environmental Impact Assessment (EIA) written by Eletrobras, Odebrecht, Camargo Corrêa, and Andrade Gutierrez. Previously in October 2009, a panel composed of independent experts and specialists from Brazilian universities and research institutes issued
9860-534: The forest is inundated, substantial amounts of greenhouse gases may be emitted. Construction of a hydroelectric complex can have significant environmental impact, principally in loss of arable land and population displacement. They also disrupt the natural ecology of the river involved, affecting habitats and ecosystems, and siltation and erosion patterns. While dams can ameliorate the risks of flooding, dam failure can be catastrophic. In 2021, global installed hydropower electrical capacity reached almost 1,400 GW,
9976-537: The forest will be cleared before flooding of the area, so the CO 2 and methane emissions calculated for the flooding of the forested area will be significantly undercut. In addition, a study on the Brazilian Tucuruí dam showed that the actual greenhouse gas emissions were a factor ten higher than its official calculations showed, and this dam is no exception; it is feared that the Belo Monte Dam calculations are also deliberately undercutting reality and that
10092-543: The government's goal of 6% growth per year. Rather, he argued that Brazil could grow through increasing its installed capacity in wind power , currently only at 400 MW. However, a study by the Federal University of Rio de Janeiro , published in June 2011, criticised some of these alternative suggestions and defended the Belo Monte dam project. They state that compared to the estimated costs of alternative energies,
10208-411: The grounds that the Brazilian Constitution does not allow for the granting of partial project licenses. The Federal Public Prosecutor also argued that the 40 social and environmental conditions tied to IBAMA's provisional license of February 2010 had yet to be fulfilled, a prerequisite to the granting of a full installation license. On 25 February 2011, Brazilian federal judge Ronaldo Destêrro blocked
10324-506: The highest among all renewable energy technologies. Hydroelectricity plays a leading role in countries like Brazil, Norway and China. but there are geographical limits and environmental issues. Tidal power can be used in coastal regions. China added 24 GW in 2022, accounting for nearly three-quarters of global hydropower capacity additions. Europe added 2 GW, the largest amount for the region since 1990. Meanwhile, globally, hydropower generation increased by 70 TWh (up 2%) in 2022 and remains
10440-614: The installed capacity of the dam complex is 11,233 megawatts (MW), which makes it the second largest hydroelectric dam complex in Brazil and the fifth largest in the world by installed capacity, behind the Three Gorges Dam , Baihetan Dam and the Xiluodu Dam in China and the Brazilian- Paraguayan Itaipu Dam . Considering the oscillations of river flow, guaranteed minimum capacity generation from
10556-596: The international expansion of some private firms. Economists around the world recognize that Brazil has its own development bank, a key financial organization, bigger than the World Bank . As the Nobel Prize economist J. Stiglitz opinion, " ... the BNDES is a huge development bank (...) People don’t realize this, but Brazil has actually shown how a single country can create a very effective development bank (...) that actually promotes real development without all
10672-519: The largest renewable energy source, surpassing all other technologies combined. Hydropower has been used since ancient times to grind flour and perform other tasks. In the late 18th century hydraulic power provided the energy source needed for the start of the Industrial Revolution . In the mid-1700s, French engineer Bernard Forest de Bélidor published Architecture Hydraulique , which described vertical- and horizontal-axis hydraulic machines, and in 1771 Richard Arkwright 's combination of water power ,
10788-750: The largest, producing 14 GW , but was surpassed in 2008 by the Three Gorges Dam in China at 22.5 GW . Hydroelectricity would eventually supply some countries, including Norway , Democratic Republic of the Congo , Paraguay and Brazil , with over 85% of their electricity. In 2021 the International Energy Agency (IEA) said that more efforts are needed to help limit climate change . Some countries have highly developed their hydropower potential and have very little room for growth: Switzerland produces 88% of its potential and Mexico 80%. In 2022,
10904-779: The main powerhouse. However, transparency of the government's plans once again became an issue, sparking indigenous tribes of the region to organize another large meeting, called the Segundo Encontro dos Povos do Xingu (the Second Encounter of the Peoples of the Xingu) in the city of Altamira, Pará on 20 May 2008. In February 2010, Brazilian environmental agency IBAMA granted a provisional environmental license, one of three licenses required by Brazilian legislation for development projects. The provisional license approved
11020-584: The people who would be affected regarding its plans for the hydroelectric project, provoking indigenous tribes of the region to organize what they called the I Encontro das Nações Indígenas do Xingu (First Encounter of the Indigenous Nations of the Xingu) or the " Altamira Gathering", in 1989. The encounter, symbolized by the indigenous woman leader Tuíra holding her machete against the face of then-engineer José Antonio Muniz Lopes sparked enormous repercussions both in Brazil and internationally over
11136-474: The plans for the six dams. As a result, the five dams above Belo Monte were removed from planning and Kararaô was renamed to Belo Monte at the request of the people of that tribe. Eletronorte also stated they would "resurvey the fall", meaning resurvey the dams on the river. Between 1989 and 2002, the Belo Monte project was redesigned. The reservoir's surface area was reduced from 1,225 km (473 sq mi) to 440 km (170 sq mi) by moving
11252-633: The plant site. Generation of hydroelectric power changes the downstream river environment. Water exiting a turbine usually contains very little suspended sediment, which can lead to scouring of river beds and loss of riverbanks. The turbines also will kill large portions of the fauna passing through, for instance 70% of the eel passing a turbine will perish immediately. Since turbine gates are often opened intermittently, rapid or even daily fluctuations in river flow are observed. Drought and seasonal changes in rainfall can severely limit hydropower. Water may also be lost by evaporation. When water flows it has
11368-544: The possibility of constructing five dams on the Xingu River and one dam on the Iriri River . Original plans for the project based on the 1979 study included two dams close to Belo Monte. These were: Kararaô (called Belo Monte after 1989), Babaquara (called Altamira after 1998) which was the next upstream. Four other dams were planned upstream as well and they include the Ipixuna, Kakraimoro, Iriri and Jarina. The project
11484-410: The price ceiling of R$ 83/MWh. After the auction, local leaders around the project site warned of imminent violence. Kayapó leader Raoni Metuktire stated: "There will be a war so the white man cannot interfere in our lands again." Canadian film director James Cameron also visited the site prior to the auction and stated he would produce an anti-Belo Monte Dam film called Message From Pandora which
11600-404: The project citing environmental concerns. It was Brazil's biggest public hearing ever. The ruling was described by The Guardian as "a serious setback". President of a federal regional court Olindo Menezes overturned the decision on 3 March 2011 saying there was no need for all conditions to be met in order for preliminary work to begin. Construction site preparation began with a week after
11716-454: The project's lack of economic viability and lack of interest from private investors, the government has had to rely on pension funds and lines of credit from BNDES that draw from the Workers' Assistance Fund , oriented towards paying the public debt, to finance the project; up to one-third of the project's official cost would be financed by incentives using public money. WWF-Brazil released
11832-406: The project. In January 2011, IBAMA president Abelardo Azevedo also resigned his post. The previous president Roberto Messias had also stepped down, citing in April 2010 that it was because of pressure from both the government and environmental organizations. 140 organizations and movements from Brazil and across the globe decried the decision-making process in granting the environmental license for
11948-450: The rainfall regime, could reduce total energy production by 7% annually by the end of the century. Lower positive impacts are found in the tropical regions. In lowland rainforest areas, where inundation of a part of the forest is necessary, it has been noted that the reservoirs of power plants produce substantial amounts of methane . This is due to plant material in flooded areas decaying in an anaerobic environment and forming methane,
12064-400: The reservoir. The contractors had sold the logging rights to the flooded area, but found the plot unviable in the short amount of time they had allocated before the area was set to be flooded. This forest has been decaying under the water through Methanogenesis and producing large amounts of greenhouse gases. Hydroelectric power plants Hydroelectricity , or hydroelectric power ,
12180-464: The service industry, as well as in small- and medium-sized private businesses, even though its focus lies on larger firms. The bank has supported social investments aimed at education and health, family agriculture, basic sanitation and mass transportation. The bank offers financial support lines and programs to companies of any size and sector that have been set up in the country. The partnership with financial institutions with agencies established around
12296-584: The slender dwarf pike cichlid ( Teleocichla centisquama ), the killifish Anablepsoides xinguensis and Spectrolebias reticulatus , and the Xingu dart-poison frog ( Allobates crombiei ). An independent expert review of the costs of the dam concluded that the proposed flow through the Volta Grande meant the river "will not be capable of maintaining species diversity", risking "extinction of hundreds of species". The National Amazon Research Institute (INPA) calculated that during its first 10 years,
12412-468: The state of Maranhão of the PMDB, which would set the precedent that eventually characterized the two Lula administrations: cooperation between the market and the state , a combination of a free market economy with larger social spending and welfare. This economic model provided the rationale and financial support for new efforts to construct Belo Monte. In 2007, at the beginning of Lula's second term in office,
12528-524: The world are hydroelectric power stations, with some hydroelectric facilities capable of generating more than double the installed capacities of the current largest nuclear power stations . Although no official definition exists for the capacity range of large hydroelectric power stations, facilities from over a few hundred megawatts are generally considered large hydroelectric facilities. Currently, only seven facilities over 10 GW ( 10,000 MW ) are in operation worldwide, see table below. Small hydro
12644-539: The world. The classification of hydropower plants starts with two top-level categories: The classification of a plant as an SHP or LHP is primarily based on its nameplate capacity , the threshold varies by the country, but in any case a plant with the capacity of 50 MW or more is considered an LHP. As an example, for China, SHP power is below 25 MW, for India - below 15 MW, most of Europe - below 10 MW. The SHP and LHP categories are further subdivided into many subcategories that are not mutually exclusive. For example,
12760-586: Was allowed to provide irrigation and power to citizens (in addition to aluminium power) after the war. In Suriname , the Brokopondo Reservoir was constructed to provide electricity for the Alcoa aluminium industry. New Zealand 's Manapouri Power Station was constructed to supply electricity to the aluminium smelter at Tiwai Point . Since hydroelectric dams do not use fuel, power generation does not produce carbon dioxide . While carbon dioxide
12876-472: Was due to allegations of human rights violations. The Belo Monte Dam (AHE Belo Monte) is a complex of three dams, numerous dykes and a series of canals in order to supply two different power stations with water. The Pimental Dam ( 3°27′33″S 51°57′31″W / 3.45917°S 51.95861°W / -3.45917; -51.95861 ( Pimental Dam ) ) on the Xingu would be 36 metres (118 ft) tall; 6,248 metres (20,499 ft) long and have
12992-706: Was granted on 26 January 2011 and a full license to construct the dam was issued on 1 June 2011. The licensing process and the dam's construction have been mired in federal court battles; the current ruling is that construction is allowed, because the license is based on five different environmental technical reports and in accordance with the RIMA (Environmental Impact Report, EIA-RIMA) study for Belo Monte. The first turbines went online on 5 May 2016. As of October 2019 all turbines at Pimental and 17 turbines in main power powerhouse are online with total installed capacity of 10,388.87 MW at Belo Monte site, totaling 10,621.97 with
13108-597: Was later released in November. In April 2010 the Brazilian Federal Attorney General's Office suspended the project tender and annulled the provisional environmental license on claims of unconstitutionality. Specifically, Article 176 of the Federal Constitution states that federal law must determine the conditions of mineral and hydroelectric extraction when these activities take place in indigenous peoples' territories, as
13224-600: Was not permitted to begin on the Belo Monte Dam Complex until IBAMA granted the second of the federally required environmental licenses, called the Installation License. The Installation License was only to be granted once Norte Energia shows indisputable proof that it has met 40 socio-environmental mitigation conditions upon which the first provisional environmental license was conditioned. According to an October 2010 IBAMA report, at least 23 conditions had not been met. Reports indicate that on 14 January 2011,
13340-431: Was opposition both within Brazil and among the international community to the project's potential construction regarding its economic viability, the generation efficiency of the dams and in particular its impacts on the region's people and environment. In addition, critics worry that construction of the Belo Monte Dam could make the construction of other dams upstream- which could have greater impacts- more viable. Plans for
13456-507: Was part of Eletrobras' "2010 Plan" which included 297 dams that were to be constructed in Brazil by 2010. The plan was leaked early and officially released in December 1987 to an antagonistic public. The plan had Belo Monte to be constructed by 2000 and Altamira by 2005. Such a speedy timetable was due to the belief that Brazil's relatively new environmental regulations could not stop large projects. The government offered little transparency to
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