August 29, 2017 / 10:45 PM / a year ago

Brazil sees 10 billion reais revenue from Eletrobras privatization: official

RIO DE JANEIRO (Reuters) - Brazil’s government expects 2018 revenue of up to 10 billion reais ($3.16 billion) from the privatization process of power holding company Eletrobras, deputy energy minister Paulo Pedrosa said on Tuesday.

A view of the headquarters of Brazil's power company Eletrobras in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares

Pedrosa told reporters on the sidelines of a seminar in Rio that the Eletrobras privatization model was unlikely to be ready this week. He also said the government was ready to sell hydroelectric dams operated by Companhia Energética de Minas Gerais SA and that at least four groups were interested in the assets.

Reporting by Marcelo Teixeira; Editing by Richard Chang

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