Odebrecht and Camargo Corrêa. which had planned to go into the bidding together, say the dam and the rates the government is offering do not make it financially viable.
The government set a ceiling rate of R$83 ($47) per megawatt hour (MWh) for the 20 April tender.
Belo Monte, which would be built on the Xingu river in the state of Pará, would be the third largest dam in the world, and has been protested by indigenous communities and environmentalists, including noted filmmaker James
