Vale win for Pacific Hydro

PACIFIC Hydro has entered into a joint venture with Vale to jointly build and operate two wind farms in Brazil's northeast.

Vale win for Pacific Hydro Vale win for Pacific Hydro Vale win for Pacific Hydro Vale win for Pacific Hydro Vale win for Pacific Hydro

Under the consortium agreement each company will have a 50% ownership stake in the projects, which are expected to be completed by late 2014.

The projects are estimated to be worth about $315 million.

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