RIO DE JANEIRO, BRAZIL – Eletrobras’ Board of Directors approved the group’s strategic plan for the period from 2020 to 2035, when the total estimated investments in generation and transmission (G&T) should be between R$95.3 billion (equivalent to R$ 6.0 billion or US$1.1 billion per year) and R$201.9 billion (R$12.6 billion US$2.2 billion per year) expanding its power generation and transmission, according to a long-term strategic plan released on Saturday.
Privatizing Eletrobras, Latin America’s largest electricity company, is a priority for the government, Brazil’s energy minister said last week. But it requires congressional approval and faces an uphill political battle.
Eletrobras is the largest Brazilian electric utilities company. The company’s headquarters are located in Rio de Janeiro. It is also Latin America’s biggest power utility company, tenth largest in the world, and is also the fourth largest clean energy company in the world.
