Para: Developer Backing Out Of Loan For Construction Of Risky Belo Monte Dam

Para: Developer Backing Out Of Loan For Construction Of Risky Belo Monte Dam After Last Week's Green Light to Begin Construction, the Dam Consortium Faces Another Hurdle as BNDES Reveals It Will Not Release Funds Until Full License Granted After learning that the Brazilian National Development Bank (BNDES) will not release funds from the $640 million bridge loan issued in late December unless Brazilian legislation is honored, the dam consortium Norte Energia, S.A. (NESA) is threatening to...

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03 February 2011

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