A controversial 11,200-MW hydroelectric dam deep in the Brazilian Amazon was awarded to a nine-company consortium on April 20, setting aside years of controversy and last-minute protests. The Belo Monte dam will harnass the Xingu River’s power. Brazil’s electricity regulating agency Aneel awarded the tender to build and operate Belo Monte dam to the Norte Energia Consortium led by Compañía Hidro Eletrica do Sao Francisco (CHESF), a unit of state-run Centrais Eletricas Brasileiras SA. The group presented an offer to sell electricity from the project for 77.97 reais, or $44.24, per megawatt-hour. The other companies in the consortium include Galvão,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.