The company is now owned by a Russian-led consortium headed by Energia Overseas Ltd.
Some workers were injured in the fiasco, according to the consortium of owners known as Norte Energia.
Eventually these stocks will recover and big names like Cemig and CPFL Energia (CPL) stand to gain.
It lost the bid to Norte Energia, which is a consortium mostly of Brazilian owned electric power companies.
Norte Energia said early Tuesday that as of 15:30 local time, the site was still occupied by the protestors.
Pampa Energia SA shares are currently trading off about 6.1% on the day.
The rest of Norte Energia is comprised mainly of government electric power companies.
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The government and Norte Energia say their environmental impact studies have shown that the likelihood of that happening were small.
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Only in this one, the enemy is the Brazilian government and a consortium of mostly government owned power companies called Norte Energia.
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Norte Energia said that at least 60 occupiers were still at Pimental.
PK), and Solaria Energia y Medio Ambiente (Other OTC: SEYMF.
Around 9 injunctions are currently out against Norte Energia, all filed by attorneys general in Para state, citing various problems with environmental licensing.
But the government owned consortium behind the project, known as Norte Energia, which exists solely as the owners of Belo Monte, have friends in high places.
Winning bidders Norte Energia, a group of government run electric power companies and a handful of private investment firms, is struggling to raise money to get Belo going.
Norte Energia was unavailable for immediate comment on Sunday morning.
Buy CPFL Energia (CPL, 71.8) , Brazil's largest electric power generator with 13% of the market and 6.6 million customers in 2009 spanning just 4 of Brazil's 26 states.
The costly project remains in limbo because Norte Energia has been unable to tap the financing it needs to meet all 40 environmental prerequisities before it starts building the dam.
The project, a partnership among UNESCO, Pacto Audiovisual, TAL- Latin America Television and Petra Energia, is comprised of 20 mini-conferences, each shot as a video of 7 minutes of maximum duration.
The loan will help Belo Monte dam concession owners, Norte Energia, the capital needed to make the required social and environmental investments in the area where the dam will affect local citizens most.
FORBES: Brazil's "Pandora Dam" Gets Final Portion of Bridge Loan
Belo Monte is run by Norte Energia, a consortium of government energy companies, along with smaller stakes from construction firms and mining giant Vale (VALE), which owns roughly 9% of the 11, 200 megawatt dam.
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Norte Energia said Friday morning that it had created a permanent commission with affected people along the Xingu River, most of them small property owners, farmers and a director of one Amazon based sustainable development research center.
Critics charge that the government and Norte Energia consider Belo Monte a fait accompli, despite the fact that Norte Energia has not yet met all of the conditions set forth by environmental regulators before it can build.
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So as a result of the fiasco at Pandora, neither side will get to hear each other out in what could have been the start of at least a better relationship with Norte Energia and the government.
Acciona Energia, Clipper Windpower and Siemens USA now operate wind manufacturing facilities in the state, and last month Culver's office announced that TPI Composites will open a plant in Iowa to build turbine blades for GE Energy.
Second, the government might be tempted to revisit existing contracts, which would be bad for confidence and disastrous for Petrobras and its partners (Britain's BG Group has a 25% stake in Tupi and Portugal's Galp Energia 10%).
Norte Energia said on Saturday that the meeting was canceled by a federal judge in Altamira named Marcelo Honorato because the protestors have yet to dis-occupy one of the work sites, this one known as the Pimental camp.
Norte Energia is responsible for paying for the property that will be flooded, and either building or finding a new and similar property for the displaced homeowners, some of them farmers who have farmed cocoa plantations in the area for generations.
The demonstrators accuse Norte Energia of damming the final canal of the river without having solved the matter of how to move boat traffic from one side of the cofferdam to the other, as required by the Installation License issued by Ibama.
Among the largest underlying components of EMIF, in trading today Ultrapar Participacoes SA ( NYSE: UGP) is down about 4.9%, Companhia Energetica DE Mina ( NYSE: CIG) is off about 4.5%, and CPFL Energia SA ( NYSE: CPL) is lower by about 3.3%.
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