RIO DE JANEIRO, BRAZIL - 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.
Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed.
Meanwhile, the three largest state-controlled firms - Eletrobras, Cemig and Copel - cut their annual spending by around 45 percent over the same period.
Expenditures by . . .