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India

Luciano Costa

Petrobras hikes diesel price, eyes divestments amid investor unease

18 Apr 2019

RIO DE JANEIRO/SAO PAULO Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

UPDATE 1-Brazil's Vila Energia sells wind complex to France's Total -executive

16 Apr 2019

SAO PAULO, April 16 Brazilian energy company Vila Energia Renovável said on Tuesday it sold 90 percent of wind power complex Terra Santa to France's Total SA.

Brazil eyes new Amazon dam in Roraima amid Venezuela crisis

27 Mar 2019

SAO PAULO Brazil's government has resumed studies to build a large hydroelectric power plant in the northern border state Roraima, which currently relies on the shaky Venezuelan grid, officials at state energy planning agency EPE told Reuters.

Indigenous rights ignored as Brazil jump-starts power line: prosecutor

08 Mar 2019

SAO PAULO Brazil's move to accelerate construction of an electric line to the northern state of Roraima, which now relies on crisis-ridden Venezuela for power, could violate the rights of indigenous peoples whose land it must cross, a federal prosecutor told Reuters.

Brookfield eyeing other targets in Brazil including Sabesp: source

02 Mar 2019

SAO PAULO Canadian asset manager Brookfield Asset Management Inc is looking for additional targets in Brazil after a recent wave of acquisitions, including Sao Paulo state sanitation company Sabesp, a source familiar with the plans told Reuters.

UPDATE 1-Brazil's Eletrobras privatization plan could be ready by June -minister

27 Feb 2019

SAO PAULO, Feb 27 A plan to transfer to private investors a controlling stake at Latin America's largest power firm, Brazil's Eletrobras, could be ready as soon as June, Energy Minister Bento Albuquerque said on Wednesday.

Eletrobras CEO says capital raise needed, format undetermined

23 Jan 2019

SAO PAULO Brazil's new government will support state-run utility Centrais Eletricas Brasileiras SA raising capital but whether that is through privatization or another format has not yet been determined, Chief Executive Wilson Ferreira said on Tuesday.

UPDATE 1-Eletrobras CEO says capital raise needed, format undetermined

23 Jan 2019

SAO PAULO, Jan 22 Brazil's new government will support state-run utility Centrais Eletricas Brasileiras SA raising capital but whether that is through privatization or another format has not yet been determined, Chief Executive Wilson Ferreira said on Tuesday.

Brazil's Copel looking into selling telecoms, gas assets, CEO says

19 Jan 2019

SAO PAULO Brazilian state-owned utility Copel will begin looking this year to divest assets in telecommunications and gas so it can focus on generation, transmission and distribution, its chief executive officer said in an interview on Friday.

Exclusive: Brazil grid operator wants 662 GE transformers removed after explosions - document

15 Jan 2019

SAO PAULO Brazil's power system operator has requested that 662 transformers made by General Electric Co be removed from the country's grid after a number of explosions involving the devices, according to document seen by Reuters.

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