Brazil Fines Amazon Dam Developer For Failing to Mitigate Project’s Impacts

RIO DE JANEIRO—The licensing and enforcement arm (IBAMA) of Brazil’s Environment Ministry has fined the consortium behind the Belo Monte dam in the eastern Amazon R$7 million ($4.1 million) for delays in implementing its Basic Environmental Project (PBA) to mitigate the hydro plant’s environmental impacts, IBAMA spokeswomen Sandra Sato told Bloomberg BNA Feb. 22.

Implementation of the PBA was a condition IBAMA set in June to grant the license to build the 19.4-billion-real ($11.3 million), 11,233-megawatt dam.

IBAMA required Norte Energia S.A (NESA), led by the federal electricity holding company Eletrobras, to submit a new timetable for implementing the PBA, ...