Brazil’s power sector is unlikely to face a wave of consolidation in the short or medium term, Jos Manoel Amorim, president of power consulting firm Coomex, told BNamericas.

“There are a lot of opportunities in the sector. Brazil is basically just now entering the global energy market. There are many players interested in getting here, and there are a lot of areas to be explored like renewables,” the executive said.

Amorim believes the strengthening of the state-run power holding group Eletrobras (NYSE: EBR) is inevitable and that private companies will tend to focus on renewable projects while Brazil’s national utility leader will be present in larger generation projects.

“Eletrobras will take part in different consortiums bidding for key hydro and nuclear projects in order to guarantee its leading position in the sector,” he said.

According to local reports, Brazil’s mines and energy ministry said Eletrobras will take part in all consortiums bidding for the construction of the 11.3GW Belo Monte hydro plant.

The Belo Monte hydro plant will be built on the Xingu river in the Amazonian state of Par. It is the main project of Brazil’s federal infrastructure program known as PAC.

The auction for the hydro plant is expected to take place on April 20. Costs are estimated at 19bn reais (US$10.6bn).

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