A Brazilian government task force on Monday announced plans to sell up to R$20 billion worth of stalled development projects to the private sector. The projects are controlled by government-run electric power utilities holding company, Eletrobras. According to the task force, Eletrobras currently owns 174 so-called SPEs (Sociedades de Propósito Específico), companies created by Eletrobras to carry out specific development projects in the area of electric power generation, transmission or distribution. Most of the projects are stalled for lack of financing. The task force said it was preparing a framework for selling the SPEs to private sector bidders as soon as possible.
Link to government news agency releaseMore Testimonials