RIO DE JANEIRO, Jan 26 (Reuters) - Brazil’s state-run electricity company Eletrobras will delay until 2017 the sale of six power distribution companies it controls in the northern part of the country, a company source familiar with the decision told Reuters on Tuesday.
The decision is a change from previous plans to sell all the distributors this year.
The source said Eletrobras decided to wait for a planned 5.9 billion reais ($1.44 billion) capital injection from Brazil’s government this year before going ahead with the sales.
Eletrobras expects to use 3.3 billion reais from the capital injection to pay debt and 2.6 billion for investments in the power distribution companies, to improve services.
$1 = 4.08 reais Reporting by Rodrigo Viga Gaier; Writing by Marcelo Teixeira