This is the second revision to the project’s concession contract, which had originally scheduled the project for generation in late 2012, Dow Jones newswire reported.

The project, part of the Maderia hydroelectric complex, is being developed by the Santo Antonio Energia consortium, which is made of up Odebrecht, Eletrobras (EBR) subsidiary Furnas and Cia Energetica de Minas Gerais (CIG), a state run energy company.