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Brazil awards rights to develop Belo Monte dam

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Indigenous tribes say the Belo Monte dam poses a threat to their way of lifeA consortium of nine companies has won the right to build a hydroelectric dam on a tributary of the Amazon in Brazil. Brazil's electricity regulator said the Norte Energia consortium would build the Belo Monte dam, to which indigenous groups and environmentalists object.

It is led by the state-owned Companhia Hidro Eletrica do Sao Francisco. Officials say the dam on the Xingu River is crucial for development, but critics argue thousands of people will be displaced and an ecosystem damaged.

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