Enel Green Power to spend $287 mln on hydroelectric plant in Brazil

lunes 31 de marzo de 2014 06:33 GYT

MILAN, March 31 (Reuters) - Italy's biggest renewable energy company Enel Green Power said on Monday it had started work on a new hydroelectric plant in Brazil.

In a statement the company, controlled by Italian utility Enel, said the plant would cost around $287 million.

The new plant will have an installed capacity of 102 megawatts.

Enel Green Power, present in 16 countries, has been slowly shifting investment away from core markets Italy and Spain to faster growing emerging markets. (Reporting by Stephen Jewkes, editing by Isla Binnie)