SAO PAULO Brazilian power company CPFL Energia is in an expansion phase that could include the purchase of fellow utility Companhia Energetica de Minas Gerais , known as Cemig, CPFL Chief Executive Officer Gustavo Estrella told Reuters on Friday.
SAO PAULO Brazil's state-controlled oil company Petroleo Brasileiro SA is studying the creation of a subsidiary comprised of around 15 power plants, which could then be sold through an initial public offering, analysts at XP Investimentos said in a report sent to clients on Tuesday.
SAO PAULO Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say.
SAO PAULO Brazilian power company Light SA is preparing to launch a 2 billion reais ($520 million) share offering as soon as Monday, three people with knowledge of the matter said.
SAO PAULO After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co , a blow for GE's Brazil unit as it battles competing suppliers from China and India.
SAO PAULO Brazilian state-run power group Companhia Energetica de Brasilia is considering privatizing its distribution unit, CEB-D, to raise 500 million reais ($129 million) to improve its finances, Chief Executive Edison Garcia said.
SAO PAULO Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to reliance on the shaky Venezuelan power grid.
SAO PAULO, April 25 International private
companies have increased their investment in Brazil's power
sector over the last three years even as the country's
cash-strapped state-controlled companies have cut back, a
Reuters survey of power companies shows.
SAO PAULO International private companies have increased their investment in Brazil's power sector over the last three years even as the country's cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows.