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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The government of Brazil announced that the concession to operate all 29 hydroelectric plants put on auction on Wednesday were purchased, for a total of approximately R$17 billion. According to the government this money will help the country balance its public accounts in 2016.

“The results show that the electric sector is safe to receive investments and that the country maintains its tradition to comply with contracts,” said Mines and Energy Minister, Eduardo Braga. The winners will sign thirty-year concession contracts with Brazil’s government.

The 29 plants . . .

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