June 7, 2016 / 4:11 PM / 2 years ago

Eletrobras power distributors default on generator in Brazil

SAO PAULO, June 7 (Reuters) - Brazilian power generator Santo Antonio Energia (SAE), who manages one of the new hydroelectric dams in the Amazon, said four power distribution firms controlled by state-run Centrais Eletricas Brasileiras SA failed to pay for electricity they bought from SAE.

Brazil’s electricity watchdog Aneel confirmed the default late on Monday and said the four distribution firms have been put on a delinquency list, after a request by SAE. They will not be allowed to take part in future power buying rounds until they pay their overdue bills. (Reporting by Luciano Costa; Writing by Marcelo Teixeira)

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