BRASILIA A bill to privatize Latin America's largest utility, Centrais Eletricas Brasileiras SA, has advanced to Brazil's Senate, but its original sponsor says amendments have disfigured the legislation, threatening to boost pollution and power rates.
SAO PAULO, May 19 The sponsor of a bill to
privatize Brazilian state power utility Eletrobras on
Wednesday dropped a provision tying the sale to government
contracts for natural gas-powered generation after uproar from
SAO PAULO U.S.-based Largo Clean Energy is preparing to produce batteries using vanadium extracted from northeastern Brazil, the company's chief executive said on Tuesday, in a bid to capture a chunk of the fast-growing renewable energy storage market.
SAO PAULO, April 28 Brazilian power utility
Cemig is planning an initial public offering of its gas
distribution unit and a wave of divestments, executives said on
Wednesday, and the company's shares rose over 4% after the news.
Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.
SAO PAULO, April 9 Double-digit increases in
energy costs face Brazilian households and factories already
slammed by the pandemic this year, leading some industry
lobbying groups to ask President Jair Bolsonaro for help.
SAO PAULO, March 24 Brazilian financial services
platform XP Inc will launch a power trading unit later
this year, aiming to turn itself into a leading name in the
domestic unregulated power market over the next few years, an
executive told Reuters on Wednesday.
SAO PAULO Brazil's government will cut its stake in power company Centrais Eletricas Brasileiras SA, or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry told Reuters on Wednesday.
SAO PAULO, Feb 3 AES Brasil, the
Brazilian unit of Virginia-based power company AES Corp,
will triple its capacity for investments in new renewable energy
projects after completing a corporate restructuring, the
company's chief executive said on Wednesday.
BRASILIA/SAO PAULO, Jan 28 Brazil's government
still plans to privatize state-run electricity company
Eletrobras, two sources said on Thursday, despite the
high-profile departure of its chief executive who said he did
not see the political will required to sell the asset.