OREANDA-NEWS. ENEVA is announcing that the 365 MW installed capacity Pecem II plant was authorized by the National Energy Agency (Aneel) to start its commercial operation. A wholly owned ENEVA venture, Pecem II is located in Sao Goncalo do Amarante, in the state of Ceara, and is part of the Pecem Complex, where ENEVA owns a 50% stake in the 720 MW installed capacity Pecem I thermoelectric plant.

Now with the approval of the Declaration of Commercial Operation the venture will be compensated according to the terms of the Regulated Environment Energy Trading Contract that resulted from the A-5 energy auction in 2008. The CCEAR has a term of 15 years and ensures a fixed annual income of BRL 629.2 million (base date: November of 2012), adjustable by the IPCA (Broad Consumer Price Index - IBGE) and variable income to cover the costs (fuel, operation and maintenance) to be incurred upon plant dispatch by System National Operator (ONS).

Pecem II was synchronized to the National Interconnected System (SIN) on June 2, 2013, and had the electrical tests required by the ONS were completed on June 29. Since then, the Venture was in stand-by waiting for the end of the construction of the new Pecem II sub-station carried out under the responsibility of Chesf/TDG S.A. In August, ANEEL decided to postpone the beginning of Pecem II CCEAR from July, 2014 until sub-station commercial operation. On October 15, as soon as sub-station works were completed Pecem II was again synchronized to the SIN.