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Home › Dodgy Deals ›
Dodgy Deal
Belo Monte damBrazil

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

Christian Poirier, Amazon Watch, USA

Last update: 2017-10-03 12:38:23
Indigenous participants in a public hearing on the Belo Monte dam. Photo: International Rivers

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

Christian Poirier, Amazon Watch, USA

Last update: 2017-10-03 12:38:23
Why this profile?

What must happen

Banks must not finance the Belo Monte dam project. The financial viability of the project is too shaky; the lack of private investment signals a high risk on returns that the government is only able to absorb by pushing down interest rates and utilizing funds meant to pay down the public debt, such as the Fondo de Amparo ao Trabalhador (FAT) and public pension funds. Drawing from these funds will cause considerable social unrest amongst the Brazilian public, who will be left to judge the risk involved in trading off the availability of public funds for granting energy subsidies to electro-intensive industrial sectors like mining and construction.

Meanwhile, estimates of the total cost of Belo Monte have reached as high as BRL 44 billion (USD 25 billion) due to increasing environmental and social costs involved in the project.

The financial risk with this project, the meager amount of energy produced throughout the year (only 39% of the dam's capacity without building further dams upstream), and the social risk involved in financing a project that has gained international notoriety for its impacts on indigenous people, are reasons enough for banks to refrain from financing the project.

About
Sectors Hydroelectric Power Generation
Location
Status
Planning
Design
Agreement
Construction
Operation
Closure
Decommission
This project has been identified as an Equator Project

The Belo Monte Dam on the Xingu River in Brazil will be, once fully operational, the world's thirds largets hydroelectric complex. Belo Monte is highly complex. The project consists of two dams, one artificial canal, two reservoirs, of which one is on dry land and an extensive system of dikes, some big enough to qualify themselves as large dams.

To build Belo Monte, more earth would have to be dug than was moved to build the Panama Canal. The sheer enormity of the project means that an area of more than 1,500 sq km would be destroyed, resulting in the displacement of 20,000 – 40,000 people. It would also mean grave impacts on the land and livelihood of 800 indigenous people and thousands of riverine and urban families.

Belo Monte is one of the world's most controversial dams. Indigenous peoples and social movements in the region have fought its construction for more than twenty years. In July 2009, a delegation of groups opposing the dam met with Brazil's President Lula, who said he would review the project and promised "no one is going to shove this project down anyone’s throats". Yet the government is pushing the project at all cost, in violation of Brazilian law and despite the strong opposition.

Impacts

Social and human rights impacts

Indigenous people Belo Monte would directly affect indigenous communities living along what is known as the Xingu's "Big Bend". About 800 indigenous people from the Juruna, Xikrín, Arara, Xipaia, Kuruaya, Kayapó and other ethnic groups live in this region. José Carlos Arara, who met with President Lula in July to voice his concerns, told the President: "our ancestors are there inside this land, our blood is inside the land, and we have to pass on this land with the story of our ancestors to our children. We do not want to fight, but we are ready to fight for our land if we are threatened. We want to live on our land in peace with all that we have there".

A panel of forty independent experts that analyzed the project's environmental impact assessment (EIA) found that, since the Big Bend would receive less water than at any time in its history, fish stocks would be decimated. Some species found only in the Big Bend would likely to become extinct. The drying of the Big Bend would make it impossible for indigenous communities to reach the city of Altamira to sell their produce or buy staples. The lowering of the water table would destroy the agricultural production of the region, affecting indigenous and non-indigenous farmers. It would also effect water quality. In all probability, the rainforests in this region would not survive. The formation of small, stagnant pools of water among the rocks of the Big Bend would be an ideal environment for proliferation of malaria and other waterborne diseases.

Communities upstream, including the Kayapó Indians, would suffer the loss of migratory fish species, which are a crucial part of their diet. The Kayapó are bitterly opposed to the project and have vowed to wage war if the government proceeds.

Riverine and urban people Officially 19,000 people would be displaced for Belo Monte, most in the city of Altamira, but the independent review of the project found the real number of directly affected people could be twice the official estimate. Contrary to what would happen in the Big Bend, Altamira’s water table would become saturated, leading to flooding throughout the city during the rainy season. More than 100,000 migrants are expected to arrive in search of work. Riverine families who have lived off of fishing and smallscale agriculture on the Xingu for decades would be forced to relocate to Altamira. They would compete with migrants for very few jobs, most of them low-paying.

Given the limited infrastructure in the towns and villages in the region, it is expected that the vast majority of the migrants who do not find work on the dam would seek land in rainforest areas, leading to widespread deforestation and impacts on fish and wildlife, in addition to the invasion of indigenous lands.

The indigenous people of the Xingu Basin claim that they were never adequately consulted about the project, in violation of their Brazilian constitutional rights and their rights to free, prior and informed consent under international law. Opponents of the project have received death threats and have been subjected to initimidation.


Environmental and climate impacts

Biodiversity Belo Monte would affect biodiversity over an extensive area of the central Amazon. The rich flooded forests of the Big Bend and middle Xingu would no longer receive seasonal floodwaters. Besides affecting endemic and migratory fish species, it would seriously affect aquatic and land fauna, including endangered species such as the white-cheeked spider monkey and black-bearded saki monkey. Threatened turtle species downstream would lose their breeding grounds.

Climate change Belo Monte is being proposed as a renewable energy project and an important part of the country's commitment to reduce emissions by 38% by 2020. Yet reservoirs in tropical forests like the Amazon can themselves be significant sources of greenhouse gas emissions due to decomposing vegetation.

According to Philip Fearnside, Brazil's foremost expert on reservoir emissions, Belo Monte is unlikely to be a standalone project due to its low generating capacity in the dry season. Fearnside therefore assumes that the Babaquara Dam – a much larger storage dam – will be built upstream. According to Fearnside, during the first ten years of operation, the Babaquara and Belo Monte dams combined, would have emissions four times higher than an equivalent fossil-fuel plant. After twenty years, the project would still have 2.5 times the emissions of a fossil-fuel plant. Even discounting its massive social and environmental impacts, the project can hardly be seen as clean.


Other impacts

Transmission lines would be constructed to connect Belo Monte with the central grid, meaning that the electricity from Belo Monte could go nearly anywhere in Brazil. But it is most likely to go first to expanding aluminum, iron, and other smelting operations in the Amazon such as Juriti, Carajas, and Paragominas, owned by Alcoa and Vale. The energy would also fuel the powerful industrial sector in southeast Brazil, which consumes 28.6% of all electricity in the country, mainly in São Paulo and Minas Gerais.

Alternatives Considering Belo Monte's astronomical cost, even without accounting for its social and environmental impacts, Brazil would be well-advised to give greater priority to less destructive alternatives. A study by WWF-Brazil, published in 2007, showed that by 2020, Brazil could cut the expected demand for electricity by 40% through investments in energy efficiency. The power saved would be equivalent to fourteen Belo Monte hydro electric plants. This would result in national electricity savings of up to USD 19 billion by 2020, and reduce installed capacity by 78,000 MW. WWF-Brazil's PowerSwitch Scenario would also generate eight million new jobs by realizing power generation from renewable sources such as biomass, wind, solar and small hydro. Thus avoiding the need to build dams in the Amazon. These renewable sources could account for 20% of the total electricity generated in the country by 2020.

Financiers
Institution type
Finance type
Year

The eightteen members of the Norte Energia consortium are expected to fund the remaining 20% of the project that is not financed by BNDES, the Brazilian National Development Bank.

*In March 2012 Munich Re was removed from the Global Challenges Index due to environmental standards violations.

Companies

Alstom

France
Website
In Februari 2011 Alstom signed a EUR 500 million contract with Norte Energia to provide power equipment. In February 2014 it was negotiating a contract to deliver equipment for the transmission lines.

Andrade Gutierrez

Brazil
Website
Andrade Gutierrez is part of the Belo Monte Construction Consortium (CCBM).

Andritz

Austria

Arcadis

Norway
Website
Arcadis has signed a deal worth USD 146 million with Norte Energia S.A. to provide owner’s engineering services. The Norway-based consulting, design, engineering and management services company will carry out its work via its Brazilian subsidiary, Arcadis Logos, and joins Themag, Concremat and Engecorps as part of a consortium.

Camargo Corrêa

Brazil
Website
Camargo Corrêa is part of the Belo Monte Construction Consortium (CCBM).

Cemig

Brazil
Website
Cemig and Light hold a 9.77% stake in the Norte Energia Consortium under the name Amazônia.

Companhia Hidro Eletrica do Sao Francisco (CHESF)

Brazil
Website
CHESF holds a 15% stake in the Norte Energia Consortium.

Eletrobras

Brazil
Profile
Eletrobras holds a 15% stake in the Norte Energia Consortium.

Eletronorte

Brazil
Website
Eletronorte holds a 19.98% stake in the Norte Energia Consortium.

Iberdrola

Spain
Website

IE Belo Monte

China
Website
Won concession to implement 2000 km of transmission lines from Belo Monte to the south of Brazil, an investment worth BRL 5 billion.

Impsa

Argentina
Website

JMalucelli Energia

Brazil
Website

Light

Brazil
Website
Cemig and Light hold a 9.77% stake in the Norte Energia Consortium under the name Amazônia.

Metso Corporation

Finland
Website
Metso signed a EUR 30 million contract with Consorcio Construtora Belo Monte for construction equipment supply on February 03 2012. http://veja.abril.com.br/noticia/economia/metso-fornecera-equipamentos-para-belo-monte

Norte Energia consortium

Brazil
Website
The Norte Energia Consortium is the stakeholders' consortium of near 18 companies that is responsible for project implementation. They are not directly responsible for construction.

OAS

Brazil
Website
OAS is part of the Belo Monte Construction Consortium (CCBM).

Odebrecht

Brazil
Website
Odebrecht is part of the Belo Monte Construction Consortium (CCBM).

Queiroz Galvão

Brazil
Website

Sinobras

Brazil
Website
Sinobras holds a 1% stake in the Norte Energia Consortium.

Vale

Brazil
Profile
Website
Vale holds a 9% stake in the Norte Energia Consortium.

Voith Hydro

Germany
Website
Won concession to implement 2000 km of energy transmission lines from Belo Monte to the south of Brazil, an estimated investment of BLR 5 billion.
No companies
Governance
Norms & standards
Other regulations

Applicable norms and standards

1995 Mekong Agreement
Principles for Responsible Investment (PRI)
Protocolo Verde Brasil (Brazil Green Protocol)
Social & Environmental Responsibility Policy of Brazilian financial institutions (CMN Resolution No. 4327)
  • The Green Protocol applicable to public banks, of which BNDES is a signatory
  • The Green Protocol applicable to private banks, signed beween the Ministerio de Meio Ambiente (MMA) and the Federação Brasileira de Bancos (Febraban)
  • The United Nations Principles for Responsible Investment (UN-PRI), of which Funcef, Previ, and Petros are signatories
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Battling a tide of sewage in Brazil: ‘For 17 days we lived with our feet under water’

Residents near the world’s fourth largest hydroelectric power plant say the Belo Monte dam has made their houses prone to floods of waste water
2017-12-11 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Amazon dam operator defies order to shut down, police action looms

2017-09-26 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Brazilian firm wants to build new dams in Amazon’s Aripuanã basin

2017-08-10 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

HydroCalculator: new, free, online tool helps citizens assess dams

2017-08-07 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Brazilian Indigenous Group Occupies Amazon Dam, Halts Construction To Demand Rights

2017-07-19 | Intercontinental Cry
BankTrack news BankTrack blog Partner news Partner blog

Amazon infrastructure EIAs under-assess biodiversity; scientists offer solutions

2017-07-06 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Court suspends 11.2-GW Belo Monte hydropower plant's operating license

2017-07-04 | Hydroworld.com
BankTrack news BankTrack blog Partner news Partner blog

Why is Latin America so obsessed with mega dams?

2017-05-23 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Brazil's Hydroelectric Plans Threaten Its Paris Climate Commitments

2017-01-29 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Brazil's Dam Menace Looms Large Despite Recent Victory

2016-12-19 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Brazil's Dispossessed: Belo Monte Dam Ruinous for Indigenous Cultures

2016-12-08 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Operation license for Amazon's Belo Monte mega-dam suspended

2016-09-13 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte and How NOT to Produce Energy in the 21st Century

2016-05-05 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Insider Claims Rousseff Coalition Took Funds from Belo Monte Mega-Dam

2016-04-08 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte a Symbol of Obscene Destruction and Corruption in Brazil

2016-03-17 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte and the Face of Development We Refuse To See

2016-03-04 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

The High Price of Belo Monte and Modernization in the Life of the Muratu Indigenous Community

2016-02-09 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte dam operations delayed by Brazil court ruling on indigenous people

2016-01-15 | www.theguardian.com
BankTrack news BankTrack blog Partner news Partner blog

Dirty Business: Unraveling Corruption in Brazil’s Dam Industry

2015-02-07 | International Rivers
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PR – Siemens Linked to Major Rights Abuses Across Americas

2015-01-26 | International Rivers
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Neues Dossier: Der Belo-Monte-Staudamm und die Rolle europäischer Konzerne

2014-07-21 | gegenstroemung
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who owns Belo Monte?

The foreign equity participation in the Belo Monte Dam Project
2013-08-29 | GegenStroemung / CounterCurrent
BankTrack news BankTrack blog Partner news Partner blog

New Equator Principles to have deeply underwhelming impact on people and planet

Commitments on community safeguards and climate change far below what is required
2013-06-04 | Amsterdam | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Human Trafficking and Prostitution Scandal Threatens Belo Monte Dam

Dam-building consortium questioned around project and sex slavery link in Brazil
2013-03-08 | Altamira, Brazil | Amazon Watch, International Rivers
BankTrack news BankTrack blog Partner news Partner blog

Brazil's BNDES approves $10.8 bln loan for Amazon Belo Monte dam

2012-11-26 | Brazil | Reuters
Blog
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Supreme Court Judge Overturns Suspension of Belo Monte Dam

Brazilian Supreme Court Caves to Executive Pressure
2012-08-29 | Brasilia, Brazil | International Rivers
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Obras de Belo Monte são retomadas após liminar concedida pelo STF

2012-08-28 | Folha De S. Paulo
Blog
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Belo Monte dam suspended by High Brazilian Court

All work brought to immediate halt
2012-08-14 | San Fransisco | Zachary Hurwitz
Blog
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Amidst Broken Promises, Indigenous Authorities Detain Belo Monte Dam Engineers

2012-07-25 | Altamira, Brazil | Brent Millikan, International Rivers
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Ethical living: it is right to give a dam?

BankTrack mentioned
2012-07-22 | The Guardian
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The Dam Boom in the Amazon

2012-06-30 | New York Times
Blog
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ILO Says Brazil Violated Convention 169 in Belo Monte Case

International Labor Organization confirms government violated indigenous rights
2012-03-07 | Brazil | Amazon Watch
Blog
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Belo Monte dam does not meet sustainability criteria of world's private banks, say rights groups

2011-11-07 | Brazil | International Rivers and Amigos da Terra-Amazônia
Blog
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Hundreds Occupy Belo Monte Dam Site in Brazilian Amazon

Indigenous peoples & riverine communities gather in peaceful protest
2011-10-27 | Brazil | Sheyla Juruna
BankTrack news BankTrack blog Partner news Partner blog

Amazon faces fresh threat of deforestation

2011-06-22 | Financial Times
Blog
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Tribes Dispute Greenwashing by Dam Builders

Conflict of Interest at Heart of Sustainability Guidelines, Says Environmental Group
2011-06-16 | Foz do Iguaçú, Brazil | International Rivers
Blog
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Brazil Green Lights Controversial Amazon Dam

IBAMA authorizes installation of Belo Monte Dam Complex despite escalating local, national and international opposition
2011-06-01 | Brazil | Brent Millikan, International Rivers
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Brazil's key dam project faces defections - report

2011-05-25 | Brazil | Reuters
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Vale to buy stake in Belo Monte hydropower project in Brazil

2011-05-04 | Brazil | Hydroworld.com
Blog
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Mining Giant Joins Belo Monte Dam

2011-05-03 | Brazil | Zachary Hurwitz
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New rights challenge to Belo Monte dam in Brazil

2011-04-12 | Guardian, orginally Le Monde
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Brazil Rejects Panel’s Request to Stop Dam

2011-04-05 | Sao Paulo | New York times
Blog
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Organization of American States Requests Immediate suspension of Belo Monte Dam in the Brazilian amazon

The Inter-American Commission on Human Rights confirmed that indigenous peoples must be consulted before dam construction begins
2011-04-05 | Washington D.C. | Amazon Watch
Blog
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James Cameron brings Arnold Schwarzenegger to Amazon to See firsthand a battle between old and new energy

Cameron Joins Kayapo chief Raoni and other indigenous leaders in Advocating for energy alternatives to the Belo Monte Dam
2011-03-26 | Manaus, Brazil | Amazon Watch, International Rivers
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Belo Monte hydroelectric dam construction work begins

2011-03-10 | Rio de Janeiro, Brazil | Guardian.co.uk
Blog
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Regional judge overturns ban on construction of controversial Belo Monte dam in the Brazilian Amazon

Decision allows for forest clearance and start-up of dam construction to begin, despite violations of human rights and environmental legislation
2011-03-08 | Brazil | International Rivers & Amazon Watch
Blog
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Profits through destruction - The other annual balance of Andritz

80.-100.000 people and hundreds of species pay the price for the company's gains
2011-03-07 | Vienna, Austria | ECA watch Austria
Blog
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Dam-affected people deliver half a million signatures calling on Brazil's President Dilma to stop the Belo Monte Dam

Several hundred Amazonian indigenous leaders and dam-affected people participate in colorful demonstration and deliver signatures to the office of the President
2011-02-08 | Brazil | Amazon Watch, Movimento Xingu Vivo para Sempre, International Rivers
Blog
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Developer backing out of loan for construction of risky Belo Monte Dam

After last week’s green light to begin construction, the dam consortium faces another hurdle as BNDES reveals it will not release funds until full license granted
2011-02-07 | Rio de Janeiro, Brazil | International Rivers & Amazon Watch
Blog
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Risky Business in the Amazon

New report reveals looming financial, legal and reputational disaster of Belo Monte, world's third largest dam project
2011-01-19 | Brasília and São Paulo, Brazil | Amigos da Terra- Amazonia Brasileira and International Rivers
BankTrack news BankTrack blog Partner news Partner blog

The people vs. the Dam

2010-12-02 | The Huffington post
Blog
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Mais de 100 organizações alertam BB sobre financiamento para Belo Monte

2010-09-21 | São Paulo - Brazil | Amigos da Terra- Amazonia Brasileira
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Eletronorte tenta cooptar índios do Pará com presentes

Na Folha de S.Paulo de ontem, em matéria assinada pelo correspondente em Belém, João Carlos Magalhães
2010-09-06
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Brazil’s President signs ‘death sentence’ for Amazonian river

2010-08-25 | Survival International
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BNDES deve fechar financiamento de Belo Monte em até 60 dias (Portugese)

2010-08-24 | Sao Paulo, Brazil | DCI
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Belo Monte será 'uma vergonha'? (Portugese)

2010-08-20 | Washington Novaes - O Estado de S.Paulo | Estadao.com.br
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht, Camargo, Andrade will get contracts for Belo Monte, Estado says

2010-08-15 | Bloomberg
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Bypassing Resistance, Brazil Prepares to Build a Dam

2010-08-15 | Altamira, Brazil | The New York Times
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Andrade Gutierrez vai liderar construção da usina de Belo Monte (Portugese)

2010-08-14 | Sao Paulo, Brazil | Economia
Blog
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Historic indigenous summit calls for halting Brazil's Belo Monte dam

Hundreds converge on the Xingu River in Altamira to highlight threats from mega-infrastructure projects in the Amazon
2010-08-13 | Altamira, Brazil | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Brazil: environmental impact studies fail to stop harmful dams

2010-08-10 | HydroWorld.com
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Hydroelectric dams pose threat to tribal peoples, report warns

2010-08-09 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Brazil's Eletrobras Picks Belo Monte Suppliers

2010-07-30 | Sao Paulo, Brazil
Blog
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Lack of private sector participation in Belo Monte Dam consortium signals investor concerns over financial risks

Amazon mega-dam deemed unfeasible in risk scenario analysis
2010-07-16 | Brasilia, Brazil | International Rivers & AmazonWatch
BankTrack news BankTrack blog Partner news Partner blog

Brazil seeks more partners for Belo Monte-report

Eletrobras seeks private-sector partners for Belo Monte
2010-07-07 | Sao Paulo, Brazil
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte dam means floods for some, drought for others

2010-07-01 | IPS news
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte Dam Will Change Way of Life on Xingú River

2010-06-29 | IPS news
BankTrack news BankTrack blog Partner news Partner blog

The Forgotten Downstream Victims of Large Dams

2010-06-18 | The Huffington Post
BankTrack news BankTrack blog Partner news Partner blog

Everybody wants Belo Monte

2010-06-16
Blog
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The Kayapo continue blockades of Amazon highway for the 28th straight day in protest of the Belo Monte dam

Brazil's Indigenous Peoples Vow to Block Dam Construction or
2010-05-21 | Piaraçu, Xingu National Park, Brazil | Amazon Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte: The pressure is on

2010-04-22 | Brazil | Aviva Imhof
Blog
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Belo Monte auction goes forward after 
court overrules second injunction

Massive protests underway today in nine cities in Brazil
2010-04-20 | Brasilia, Brazil | International Rivers and Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Eletrobras-led Norte Energia wins Belo Monte bid

2010-04-20 | Brazil | Business News Americas
Resources
Documents
Images
Videos
Links
2016-10-25 00:00:00

Factsheet of documentary Belo Monte: After the Flood

NGO document
2016-10-25 00:00:00 | Todd Southgate, International Rivers, Amazon Watch, Cultures of Resistance
2014-08-01 00:00:00

Der Belo Monte Staudamm und die rolle europaischer Konzerne

NGO document
2014-08-01 00:00:00 | GegenStromung
2013-08-29 00:00:00

Who owns Belo Monte?

The foreign equity participation in the Belo Monte Dam Project
NGO document
2013-08-29 00:00:00 | Gegenstroemung
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Banco Bradesco

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Banco Bradesco

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Caixa Economica Federal

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Caixa Economica Federal

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- HSBC

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Itau Unibanco

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Itau Unibanco

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Santander

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Santander

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- HSBC

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Banco do Brasil

short version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Banco do Brasil

Long version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Banco Espirito Santo

short version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Banco Espirito Santo

Longer version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-01-20 00:00:00

Mega-project, Mega-risks risk analysis for investors in the Belo Monte Hydroelectric Complex

NGO document
2011-01-20 00:00:00 | International Rivers and Friends of the Earth – Brazilian Amazonia
2010-11-06 00:00:00

Voluntary approach will not resolve dam conflicts

NGO document
2010-11-06 00:00:00 | International rivers
2010-08-12 00:00:00

In Defense of the Xingu: Against Belo Monte!

Other document
2010-08-12 00:00:00
2010-08-11 00:00:00

Letter concerning the Belo Monte dam to the Secretary of Development, Science and Technology of the State of Pará

Other document
2010-08-11 00:00:00 | The movement Xingu alive forever
2010-08-01 00:00:00

Protecting rivers and rights: Ten years after the World Commission on Dams report

Other document
2010-08-01 00:00:00 | International Rivers et. al.
2010-08-01 00:00:00

Protecting rivers and rights: ten years after the World Commission on Dams report

NGO document
2010-08-01 00:00:00 | International Rivers et.al
2010-04-28 00:00:00

Letter from Amazon Watch, et. al. to President Lula da Silva on Belo Monte

Correspondence
2010-04-28 00:00:00 | Amazon Watch, et. al.
2010-04-28 00:00:00

Notificação Extrajudicial ao BNDES 22 marzo 2010

Other document
2010-04-28 00:00:00
2010-04-28 00:00:00

Extrajudicial Notification to BNDES 22 March 2010

Other document
2010-04-28 00:00:00

Belo Monte dam construction site September 2015

2017-08-14
Belo Monte dam construction site Sept 2015

Protests against Andritz

2011-03-14
images of protests against Andritz, all over the world

Belo Monte Dam Protest and Petition Delivery

2011-02-08
orion
Hundreds gather in protest of the proposed Belo Monte Dam in the Brazilian Amazon and deliver over 600,000 petitions. For more info: http://amazonwatch.org/news/2011/0208-dam-affected-people-deliver-half-a-million-signatures-to-stop-the-belo-monte-dam Photos by Ariel Lopez-Segovia

Belo Monte dam project

2010-04-29
pictures from the Belo Monte campaign
No thumbnail available

Belo Monte: After the Flood

2016-10-27 17:32:01

DAMOCRACY The Movie (English)

Damocracy is a powerful new documentary that debunks the myth of large-scale dams as clean energy and a solution to climate change. It records the priceless cultural and natural heritage the world would lose in the Amazon and Mesopotamia if two planned large-scale dams are built – the Belo Monte dam in Brazil, and Ilisu dam in Turkey. Damocracy is a story of resistance by the thousands of people who will be displaced, and a call to the world to support their struggle.
2013-05-08 12:17:23

Wrong Climate for Damming Rivers

2012-01-02 14:55:44

Sigourney Weaver Narrates Google Earth Tour of Belo Monte Dam

2011-06-29 11:21:00

A call for renewable energy in Brazil

"Amazon Watch journeyed back to the Brazilian Amazon with James Cameron and this time, he brought Arnold Schwarzenegger. The team returned to the Arara village on the threatened Big Bend of the Xingu River and was met by hundreds of villagers, the legendary Kayapo Chief Raoni, world-renowned climate scientists and local movement leaders. Their resounding message was the same: "We urge the Brazilian government stop the Belo Monte Dam and pursue truly renewable energy alternatives!" "
2011-04-28 12:21:07

A Message From Pandora

Take action now to join the battle: http://bit.ly/AWatch "A Message from Pandora" is a special feature produced by James Cameron about the battle to stop the Belo Monte Dam on the Xingu, one of the great tributaries of the Amazon River.
2010-10-05 16:04:20

5-Leader Aritana, Alto Xingu, about BELO MONTE

2010-08-25 17:22:18

Xingu: O sangue da nossa sobrevivência I Parte (Portugese)

2010-07-22 12:53:02

Xíngu O sangue da nossa sobrevivencia II Parte (Portugese)

2010-07-22 12:52:09

Xingu: O sangue da nossa sobrevivência III Parte (Portugese)

2010-07-22 12:51:27

Xingu: o sangue da nossa sobrevivência IV Parte Final (Portugese)

2010-07-22 12:50:31

Video links

http://www.ustream.tv/channel/belo-monte-amaz%C3%B4nia

International Rivers' webpage on Belo Monte

Amazon Watch's webpage on Belo Monte

Google Documents File: Belo Monte Updates

A Message from Pandora

A Message from Pandora is a special feature produced by James Cameron about the battle to stop the Belo Monte Dam on the Xingu, one of the great tributaries of the Amazon River.

Documenting Belo Monte Dam's Risks: Buyer Beware

Belo Monte Dam Construction – in Pictures

Internation Rivers'Belo Monte blog

Belo Monte, after the flood

Belo Monte: After the Flood is a new film which explores the history and consequences of one of the world's most controversial dam projects, built on the Xingu River in the heart of the Brazilian Amazon.

Updates

2017

2017-08-10 00:00:00 | New dams planned in Amazon’s Aripuanã basin

Brazilian company, Intertechne Consultores, has asked Aneel, the federal Agency for Electric Energy, to authorize viability studies to build three new dams in the Aripuanã river basin, the Sumaúma and Quebra Remo dams along the Aripuanã River itself and the Inferninho dam along its tributary, the Roosevelt River. The company has worked on several dams in the Amazon, including the controversial Belo Monte dam. The Aripuanã basin is considered one of the best-preserved regions in Amazonia with a high level of endemic plants and animals. While there are, as yet, no dams on the Roosevelt River, there are already four on the Aripuana, which is a tributary of the Madeira river, which flows north from Bolivia to join the Amazon at Itacoatiara (source Mongabay).

2017-07-04 00:00:00 | Second suspension of Belo Monte operating license

The operating license for Brazil's 11.2-GW Belo Monte hydroelectric plant has been suspended by a federal court following allegations that the project's owners did not meet environmental requirements. Per an agreement made with the Brazilian watchdog organization Institute of the Environment and Natural Resources (Ibama), developer Norte Energia SA was to have provided basic sanitation works in Altamira before filling the project's reservoir. Prosecutors said those works were never completed, causing the court to suspend the operating license yesterday. This suspension marks the second time Belo Monte's has had its license suspended on accusations of near-identical reasons (source Hydroworld.com).

2016

2016-09-13 00:00:00 | Operation license for Amazon’s Belo Monte mega-dam suspended

A Brazilian judge has suspended the operating license of the controversial Belo Monte dam in the Amazon because the Norte Energia consortium, the dam’s builder and operator, failed to meet a key compensation commitment required by the federal government. In exchange for the right to build and run the dam, Norte Energia originally agreed to install drinking water and sewage systems for the city of Altamira, with completion due in July 2014. The court allowed an extension to September 1, 2016, but the system is still not complete (source Mongabay).

2016-04-08 00:00:00 | Brazil: insider claims Rousseff coalition took funds from Belo Monte mega-dam

According to The Guardian: A senoir constuction executive has testified that the Belo Monte dam was used to generate USD 41.4 million in donations to the ruling coalition. The ruling Workers party and its former coalition partner, the Brazilian Democratic Movement Party, were allegedly paid USD 20 million each by the three construction companies. The companies initially lost the bid to build the Belo Monte, but were later added to the consortium. Although the authorities deny the payments and donations, conservationists and human rights activists state that this explains why the project went ahead regardless of the concers about the environmental and social impact.

2016-01-15 00:00:00 | Operations delayed by court ruling on indigenous people

According to The Guardian: The start of operations at Brazil's Belo Monte dam could be held up following a court judgment that operators have yet to provide adequate support to indigenous groups affected by the giant construction. The world's fourth biggest hydropower plant was due to test its first turbines within weeks on a stretch of the Xingu river in the Amazon that is a centre of ethnic and biological diversity. But even as the reservoirs begin to fill, the controversy that has dogged the project since its inception continues unabated, raising the possibility that completion - already years behind schedule - could be further delayed.

2015

2015-09-24 00:00:00 | Brazil’s Environmental Agency Denies Operating License to Controversial Belo Monte Dam

Blue & Green Tomorrow reports: "On Tuesday night, the Brazilian press reported that the country's Institute of Environment and Renewable Natural Resources (Ibama) had temporarily denied Norte Energia's request for an operating license for Belo Monte Dam. The reports cited serious examples of non-compliance with legally required measures to mitigate and compensate project impacts. Without the license, Norte Energia cannot close floodgates and fill a reservoir that will flood large portions of the city of Altamira before it begins generating power."

2012

2012-08-30 00:00:00 | Work on Belo Monte dam resumes

Construction on the Belo Monte dam will resume due to the Brazilian Supreme Court's decision to overturn the suspension of the project. Pressure from President Rousseff's administration contributed to the overturning of the August 14th ruling by a regional federal court to stop construction of the dam. For more information please click here.

2012-03-08 00:00:00 | Munich Re excluded from Global Challenges Index due to violation of environmental standards (belo Monte)

The construction of the Belo Monte dam in the Amazon region of Brazil has come under heavy criticism, because of the impact the dam may have on the environment and local residents. Experts anticipate that it will have adverse effects on the Amazon rainforest, particularly on species diversity and also on the livelihoods of the indigenous inhabitants. Due to its involvement in this project, Munich Re has been excluded from the Global Challenges Index (GCX). By agreeing to provide cover for the construction phase of the project, the reinsurer violated the GCX’s strict environmental regulations.

The UK retailer J Sainsbury has taken Munich Re’s place in the index. The retailer’s impressive credentials include a good system for ensuring compliance with social standards in the supply chain. It promotes the sale of products which meet particular social or environmental requirements, such as fair trade products. It has implemented comprehensive measures to improve transport efficiency and thereby cut CO2 emissions. Another company promoted to the index is the US food producer Hain Celestial. The company generates the bulk of its turnover from the production and sale of organic foodstuffs. Hain Celestial replaces the US technology company Energy Conversion Devices, which no longer meets the GCX’s market capitalisation requirements.

2012-03-07 00:00:00 | ILO states: Brazil Violated Convention 169 in Belo Monte Case

According to a report published by the Committee of Experts on the Application of Conventions and Recommendations for the International Labor Organization (ILO), the Brazilian government violated the rights of indigenous communities via their spearheading of the Belo Monte Dam project in the Amazon region. ILO Convention 169, which was enacted in Brazil in 2004, states that indigenous and tribal people have the right to free, prior and informed consultation with regards to projects and/or state actions that may impact their property or rights. In light of the lack of consultation with tribal groups, the report outlines recommendations that the Brazilian government can take in order to adhere to the Convention's requirements.  Please click here for more information.    

2011

2011-11-08 00:00:00 | New developments

On October 27, 2011, the Belo Monte Dam construction site was occupied by 400 indigenous people, fishermen and riverine community members. They oppose the project due to its severe environmental impacts and human rights violations. Norte Energia, S.A. ordered the military police to clear the area, which took place the following day.

In October, a lawsuit, regarding lack of prior consultation which affected indigenous communities, began trial in the Brazilian Regional Federal Tribunal.  Federal judge Selene Maria de Almeida argued that the Belo Monte Dam licenses are illegal and must be cancelled due to evidence that the Brazilian government did not hold proper consultations.  A second judge argued to the contrary. A third judge also argued to the contrary on a decision given November 9, 2011.  

There are currently at least 12 lawsuits pending in Brazilian courts pertaining to Belo Monte Dam. 

The IACHR of the Organization of American States is currently weighing the possibility of an action against the Brazilian government for having failed to undergo thorough consultations of affected indigenous communities.

On June 1, the Brazilian government approved an Installation License for the controversial Belo Monte Dam in the Amazon.  The environmental agency IBAMA approved the Installation License without project developer Norte Energia (75% owned by the government) fulfilling the 40 social-environmental prerequisites to the project that had been mandated in 2010.  There is now an 11th lawsuit as a result (read more).

After news of the installation license was released over the internet, street protests against Belo Monte began to erupt in São Paulo, Rio, Salvador, Belém, and in the Xingu basin itself, where last weekend legendary Kayapó chief Raoni convened men and women from the tribe to protest in the town of Colider, dancing and chanting war songs, vowing to put their lives on the line to resist Belo Monte (read more).

On February 25, judge Ronaldo Destêrro of a Federal Court in Belém suspended IBAMA's partial license, halting any construction efforts, and preventing BNDES from releasing any funds, until the 40 conditions of the dam's environmental license were met.

In February 2011, Curt Trennepohl subsituted Americo Tunes as the new president of IBAMA.

In January 2011, Abelardo Bayma Azevedo resigned as President of IBAMA, over pressure to approve an Installation License for Belo Monte Dam.  In February 2011, interim IBAMA President Americo Tunes approved a "partial" installation license, considered illegal by Brazilian lawmakers, and issued authorizations to begin vegetation clearing in the project's easement areas.

Eletrobras announced in August, 2010 that it would purchase 30% of electricity from Belo Monte destined to both the free market and the autoprodutor market, and then resell to the autoprodutores, so as to insure that the electricity would have a buyer (source: O Globo).

The government has assigned 70% of Belo Monte's electricity (3093 MW) to the captive market for public consumption, at a price of R$78 (around USD $45) per MWh.  20% of the electricity (884 MW) will be bought by Eletrobras at a price of R$130 (around USD $74) per MWh to be sold on the free market.  The remaining 10% of the electricity (442 MW) is assigned specifically for consumption by autoprodutores, or energy-intensive industries who both produce and consume energy, at a price of R$100 (around USD $57) per MWh (source: Valor Econômico).

The Federal Attorney General's office in Brazil is currently investigating the possibility that the auction was held before an appellate court lifted the third restraining order, which would make the auction results illegal.

BNDES will fund at least 80% of the project costs (estimated between US$11bn and US$18bn), and the remaining 20% will be financed by the Norte Energia consortium. 

On May 25, 2010 three members of the consortium building the dam decided to pull out. Their reasoning for pulling out is based on what they deem "growing state control of the project".

Despite three federal restraining orders to halt the project auction, on April 20, 2010 the Norte Energia consortium won the right to build the Belo Monte hydro electric dam on the Xingu river. The Norte Energia consortium is led by Eletronorte, a subsidiary of state-owned utility holding group Eletrobras, and currently includes the participation of 18 companies.

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