Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex. Read full article
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Disclaimer & comment rulesThe privatization of Eletrobrás was a blatant theft of public property and the Brazilian State needs to review, criminalize and arrest the thieves.
Jul 26th, 2023 - 02:39 pm - Link - Report abuse -1Just to give you an idea of the theft: the federal government owns 45% of the common stock and has only 10% of the voting power on the board of directors.
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