After six months of preparation, SPIC formally took over Sao Simao Hydropower Station in Brazil, completing its transition successfully and realizing the independent operation on May 10.

SPIC's investment in Brazil will promote local economic growth and create job opportunities, said the representative of SPIC at the celebration ceremony.

Brazil is an important market for SPIC in Latin America. The successful transition of the Sao Simao Hydropower Station marks an important step for SPIC's development in Brazilian market and also a successful practice of the production cooperation between China and Brazil.

In September 2017, SPIC successfully won the bid for the 30-year franchise over Sao Simao Hydropower Station. With the total installed capacity of 1,710 MW, Sao Simao Hydropower Station is the ninth largest hydropower station in Brazil.

In addition to Sao Simao, SPIC holds the franchise over two wind farms in Brazil. At present, the total installed capacity of SPIC in South America - Brazil and Chile - has reached 2,260 MW.