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Brazil’s Emae seeks companions for $1.7 bln energy challenge -CEO – Agricultural Commodities

SAO PAULO, July 29 (Reuters) – Brazilian power firm Empresa Metropolitana de Águas e Energia (Emae) is in search of companions for a $1.7 billion thermoelectric energy challenge resulting from be tendered in an upcoming authorities public sale, its chief govt advised Reuters.

The corporate, owned by the state of Sao Paulo, is in talks with potential buyers for the 1.7 gigawatt capability pure fuel challenge, and the so-called Piratininga Thermal Block I challenge has already obtained environmental permits from state licensing companies, Emae CEO Ronaldo Souza Camargo stated.

The challenge is because of be tendered within the federal authorities’s subsequent power public sale, the so-called A-6, resulting from happen on Oct. 17, and would contain the substitute of items of the previous Piratininga plant, in São Paulo.

“As a result of these negotiations are confidential, what I can advance is that we’ve teams of funds. We’ve got 4 teams, from three international locations, … one Brazilian group,” stated Camargo in an interview late final week.

The manager stated that there’s “robust political will” in favor of the thermoelectric plant, which the São Paulo authorities estimates may generate 1000’s of jobs throughout the development section. (Reporting by Luciano Costa; Enhancing by Sandra Maler)

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