BRAZILIAN state-owned power company Eletrobras plans to invest 6 billion reais (RM4.66 bil) per year until 2035 expanding its power generation and transmission, according to a long-term strategic plan released yesterday.
That could more than double, to 12.6 billion reais a year, if the government is successful in privatising the company, Latin America’s largest electricity company said in a securities filing.
Privatising Centrais Eletricas Brasileiras SA, as the company is formally known, is a priority for the government, Brazil’s energy minister said last week.
But it requires congressional approval and faces an uphill political battle. – Aug 3, 2020, Reuters
