BNDES signs $177m funding for 40MW biomass power plant in Brazil

Brazilian development bank BNDES has approved financing of BRL941.6 million ($177 million) for the construction of a 40MW biomass power plant and several upgrades planned by Grupo Sao Martinho.Named UTE Sao Martinho Bioenergia, the plant in the municipality of Pradopolis, Sao Paulo state, will use...