Resumo:
In the same way that the majority of the countries, project financing of substructure in
Brazil, in project finance modality, depend on a skillful structure of guaranties and contracts to
become possible. In the case of projects of centrals of generation of electrical energy, that
financial engineering becomes still more complicated. In Brazil, due to particularities of the
sectors of electricity, the arrangements of guaranties requested but creditors pass to present levels
of complexity and exigency well elevated. The contractual appliances that give support to the
project finance, originally projected to developed countries, request an extreme adaptation to
these particularities.
The development of Brazil is directly related to its capacity in expanding the offer of
electric energy in the just measure of the national necessity. In this context, the small central
hydroelectric (PCH’s) represent, actually, an efficient and fast form to complete the offer of
energy in such a way to supply the crescent demand the national market. For its characteristics,
that type of undertaking can be developed by small manager, from among which are the owners
of the areas in which on can find these hydraulic potentials which, however they do not dispose
of capital to integral raising. These undertakings are tasks, normally, of low global cost, at the
rate of US$ 1.000,00/kW, and of a smaller ambient impact, compared to the return that they give
to the enterpriser and to the Brazilian electric system as a whole, by having to receive special
attention in the planned politics to the sector and to merit a series of incentives to become
business still more attractive.
By thinking in the found difficulty by small enterprisers in rising undertakings of
generation of electric energy of small port through the convectional mechanisms of financing is
being proposed in that work a well-founded methodology in the concepts of the modality of
financing project finance.
