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Brazil's BNDES to hike electricity industry lending this year -executive
September 8, 2017 / 7:42 PM / 14 days ago

Brazil's BNDES to hike electricity industry lending this year -executive

SAO PAULO, Sept 8 (Reuters) - Brazil’s BNDES is likely to lend about 14.1 billion reais ($4.56 billion) to the electricity industry this year, well above the 9.2 billion reais disbursed to the sector in 2016, an executive at the state development bank told Reuters on Friday.

Carla Primavera, BNDES’ superintendent for the electricity sector, said the bank had disbursed about 6.3 billion reais in the first half of the year to the industry, with a focus on wind farms. ($1 = 3.0912 reais) (Reporting by Luciano Costa; Editing by Andrew Hay)

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