October 10, 2019 / 2:57 PM / 4 months ago

Brazil govt to send Eletrobras privatization bill to Congress this month

RIO DE JANEIRO, Oct 10 (Reuters) - Brazil Mines and Energy Minister Bento Albuquerque said on Thursday the government will send a bill to Congress this month that would allow for the privatization of state-owned utility Centrais Eletricas Brasileiras.

Congress must sign off for the government to move ahead with long-held plans to privatize Eletrobras, which is responsible for almost one-third of Brazil’s generational capacity and half of the power transmission grid. (Reporting by Rodrigo Viga Gaier and Marta Nogueira Writing by Jake Spring, editing by Deepa Babington)

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