26 Aug Brazil Signs Contracts for Controversial Amazon Dam (Latin American Herald Tribune)
“What is happening here is a thing believed impossible years ago. The project we are initiating today is less aggressive than the original one,” Lula said in a ceremony at the presidential palace.
The minister of mines and energy, Marcio Zimmermann, said the Bela Monte complex, to be built near the mouth of the Xingu River in the northern state of Para, will “play an important role in the development” of the area.
People displaced by the dam “will be duly compensated” under a formula that they will help determine, the president of the Bela Monte enterprise, Carlos Nascimento, said.
The contract to build the complex was awarded to a consortium led by state-owned Companhia Hidro Eletrica do
Once complete, Belo Monte will be the world’s third-largest hydroelectric dam after