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Brazil's electricity regulator approves transfer of power project to Shanghai Electric

 

 

 

By Reuters Staff

SAO PAULO
Petroleumworld 10 25 2017

Brazil's electricity regulator Aneel approved on Tuesday transferring to Shanghai Electric Group Co Ltd a power transmission project that will require investments of 3.3 billion reais ($1.01 billion).

The project in Rio Grande do Sul state had originally been awarded to the Eletrobras unit Eletrosul Centrais Eletricas SA. Reuters reported on Monday that the companies had reached a deal for the transfer, which needed the green light from the regulator.

$1 = 3.2555 reais



Reporting by Luciano Costa; Writing by Marcelo Teixeira from Reuters.

reuters.com 10 24 2017

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