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Under a long-term strategic plan released recently, Brazil's state-owned power company Eletrobras plans to invest R$6 billion ($1.
1 billion) annually to expand its power generation and transmission infrastructure
by 2035.
Eletrobras, the largest electricity company in Latin America, said in a securities filing that "if the government succeeds in privatizing the company, the annual investment could double to R$12.
6 billion
.
" ”
Brazil's energy minister said last week that privatizing Eletrobras was a top priority for the government
.
However, this requires congressional approval and faces difficult political pressure
.
Under a long-term strategic plan released recently, Brazil's state-owned power company Eletrobras plans to invest R$6 billion ($1.
1 billion) annually to expand its power generation and transmission infrastructure
by 2035.
Eletrobras, the largest electricity company in Latin America, said in a securities filing that "if the government succeeds in privatizing the company, the annual investment could double to R$12.
6 billion
.
" ”
Brazil's energy minister said last week that privatizing Eletrobras was a top priority for the government
.
However, this requires congressional approval and faces difficult political pressure
.
