Chesf, a unit of Brazil’s state-run power utility, will receive 1.2 billion reais ($516 million) in loans from development bank BNDES to upgrade its electricity grid and build power lines in the northeast.
Brazil awarded a contract to build an $11 billion hydroelectric dam in the Amazon to a group led by a state-run utility, ignoring criticism by environmentalists, “Avatar” director James Cameron and construction firms.
Cia. Hidro Eletrica do Sao Francisco, a unit of state-controlled power utility Centrais Eletricas Brasileiras SA, plans to build four plants that generate electricity from biogas as part of a 45 million-real ($23 million) research project.
Bahia’s state water company Embasa is planning the first stage of modernization works in northeastern Brazil to boost supplies to 28 municipalities, BNAmericas said, citing a statement from the utility.
Cia. Hidro Eletrica do Sao Francisco, a unit of Brazil’s state-controlled power company Centrais Eletricas Brasileiras SA, has started producing power from its first wind farms two months behind schedule.
Cyrela Commercial Properties SA Empreendimentos e Participacoes, Brookfield Incorporacoes SA, Triangulo do Sol Auto-Estradas SA and Cia. Energetica de Minas Gerais are among issuers that plan to sell bonds in Brazil’s debt markets.