Atico is investing BRL 250m ($96m) in a plantation, which would supply wood chips to the power facility, for which the company plans to invest BRL650m ($250m).
Gustavo Magalhaes, a partner at the group, was quoted as saying by Bloomberg that Atico has received interest from overseas firms and may take on two partners by 2015.
Magalhaes added: "This is the biggest biomass generation project in Brazil. We have a lot of interest — interest in the plant and interest in the forest. It could be two partners."
The Campo Grande BioElectricidade power facility will have installed capacity of 150MW. It will be located close to railways, which would enable the company to transport and sell wood during lean periods.
The plant is being built by Bolt Energias, a power firm owned by Atico.
According to Brazil’s energy research agency, biomass represented 7.6% of the country’s energy supply last year.
