Strike At GDF Suez Brazil Power Plant Stops Construction
10 September 2009 - 12:37AM
Dow Jones News
A strike at a new, large hydroelectric power station, majority
owned by GDF Suez (GSZ.FR), has stopped construction at the
so-called Jirau mill since Tuesday, the company said Wednesday.
Workers are asking for better working conditions and an 8% pay
raise while building one of two hydroelectric dams along the
Madeira River in Rondonia state, northwestern Brazil.
Jirau is owned by GDF Suez, but the other, called Santo Antonio,
is run by Santo Antonio Energia, a consortium majority owned by
privately held Brazilian construction company Odebrecht.
Eletrobras (EBR) subsidiaries have majority stakes in both the
Jirau and Santo Antonio projects. And Cemig (CIG), a state run
energy company from Minas Gerais, has a minority stake in Santo
Antonio Energia.
-By Kenneth Rapoza, Dow Jones Newswires, 5511-2847-4541,
kenneth.rapoza@dowjones.com