Electricity Giant Eletrobras Will Invest US$1 to 2 Billion per Year for Next 15 Years

Privatizing Eletrobras is a priority for the government, Brazil’s energy minister said last week. But it requires congressional approval and faces an uphill political battle. 

RIO DE JANEIRO, BRAZIL - Eletrobras' Board of Directors approved the group's strategic plan for the period from 2020 to 2035, when the total estimated investments in generation and transmission (G&T) should be between R$95.3 billion (equivalent to R$ 6.0 billion or US$1.1 billion per year) and R$201.9 billion (R$12.6 billion US$2.2 billion per year) expanding its power generation and transmission, according to a long-term strategic plan released on Saturday.

Privatizing Eletrobras, Latin America's largest electricity company, is a priority for the government, Brazil’s . . .

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