Death of the Xingu: the Belo Monte Dam


10 February 2017 | 05h00
The Belo Monte Hydroelectric Plant, in Pará, is for sale. According to information obtained by the State , the companies that make up the control block of Norte Energia, the concessionaire that manages the plant, have already hired Bradesco BBI to look for potential investors in Brazil and abroad. The operation will also have an international bank to handle the sale of the world's third largest hydroelectric plant.

"Control of Belo Monte plant goes on sale for R $ 10 billion" (3B USD)
http://economia.estadao.com.br/noticias/negocios,controle-da-usina-de-belo-monte-e-colocado-a-venda-por-r-10-bilhoes,70001660269

"The purpose of government megaprojects is not to have a working entity, it is to funnel public funds into the pockets of politicians and their cronies in the construction and investment industry. That part has worked beautifully, and the project no longer serves this purpose. So now you go and sell it to US or Chinese investors as "Energy Futures" or "Gold Futures" (in case of Belo Sun Mining), if the project then still does not turn a profit it does not matter. There are enough middle class people invested in those Mutual Funds and investments that you can sell them many times over." -- Oliver Lucanus, Feb 9, 2017.