Tag Archives: ELETROBRAS

Brazil to cut its stake in Eletrobras to 45% from 61% in privatization – energy secretary | Instant News


SAO PAULO, February 24 (Reuters) – The Brazilian government will cut its stake in power company Centrais Eletricas Brasileiras SA, or Eletrobras, to 45% from the current 61% in the planned privatization process, a senior official at the Energy Ministry told Reuters. Wednesday.

The ministry’s Energy Secretary Rodrigo Limp said the government expects its stake in Eletrobras to double in value to 60 billion reais ($ 11 billion) with the increase in share price that privatization hopes will bring.

President Jair Bolsonaro presented a bill to Congress on Tuesday that would accelerate the divestment in Brazil’s biggest utility.

$ 1 = 5.4062 reais Reporting by Luciano Costa, Editing by Rosalba O’Brien

.



image source

Brazilian energy company, Omega, buys wind energy assets from Eletrobras | Instant News


BRAZIL, July 30 (Reuters) – Brazilian renewable energy company Omega Geracao SA agreed to buy wind energy assets from Brazilian Eletrobras for 1.5 billion reais ($ 290.98 million), the two companies said in a securities filing on Thursday.

Omega will buy 78% of Eletrobras’s shares in the Santo Vitoria do Palmar complex and 99.9% of its shares will be Hermenegildo 1, 2, 3 and Chui wind power assets. ($ 1 = 5,1550 reais) (Reporting by Jake Spring and Luciano Costa; Editing by Muralikumar Anantharaman)

.



image source

Eletrobras Brazil puts forward investment in the Angra 3 nuclear plant | Instant News


SAO PAULO (Reuters) – Brazilian state-controlled electricity company Eletrobras said on Friday that it would advance the timeline to invest in its subsidiary Eletronuclear so that it can resume work on a nuclear reactor known as Angra 3.

Eletrobras said in a securities filing it would invest 3.5 billion reais ($ 650.05 million) next year in Eletronuclear, money previously scheduled to be invested in 2024.

Reporting by Marcelo Rochabrun; Editing by Sandra Maler

.



image source