Brazil looks forward to cooperation with China in energy sector

10:59, July 07, 2010      

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Brazil is planning to develop the hydroelectric resources of the Amazon River, and expects further cooperation from China, said the country's Minister of Mines and Energy Márcio Zimmermann on July 6.

Brazil's hydroelectric resources have huge potential, but only 30 percent are exploited, said Zimmermann at a forum in the Shanghai Expo Park.

Hydroelectric resources contribute to most of the country's energy consumption. The utilization of hydroelectric power will still be the focus of its energy development plan for the next decade.

Zimmermann noted that Brazil will invest around 120 billion U.S. dollars for the construction of new power plants and a new power distribution system in the coming 10 years.

"By 2010, Brazil will see a 60 percent of growth in installed power-generation capacity," he said.

As two of the four BRIC nations, which is shorthand for the world’s most powerful developing countries, China and Brazil have a lot in common and a good foundation for further cooperation.

"In the future, the two countries have abundant space for cooperation in mining and energy sectors," he said.

By People's Daily Online


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