The investment in the two plants is expected to be around E510 million and the plants are expected to enter in operation in 2016.
The Fridao hydro plant project, at the Tamega river, part of the Douro’s basin, should represent an investment of E242 million and an installed capacity of 256MW. This capacity is higher than the 162MW reference capacity defined in the National Dams Plan (NDP) as a result of the inclusion of a stabilization dam downstream the river. This plant entails a significant pumping potential which has not considered in the proposal that was now presented.
EDP’s proposal was the only one which considered the construction of Alvito hydro plant, at Ocreza River, part of the Tejo’s basin, representing an investment of E268 million and an installed capacity of 136MW, higher than the 48MW indicated by the NDP.
This plant’s pumping capacity will take advantage of the Pracana’s hydro plant reservoir, located downstream from the new plant and also operated by EDP, and will provide significant operating synergies in Tejo’s basin. The final award of these concessions is subject to the confirmation by the Portuguese Water Institute that EDP’s proposal is in line with the terms of the tender.
