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Brazilian Congress approves bill paving the way for privatization of Eletrobras

RIO DE JANEIRO, BRAZIL - Brazil's Chamber of Deputies approved on Wednesday a measure that paves the way for the privatization of the state-owned electricity company Eletrobras, responsible for 30% of the energy generated in the country and whose capitalization is considered one of the priorities of the government of President Jair Bolsonaro.

The so-called "base text", which establishes the general framework of the project, was approved by a Lower House vote of 313 in favor and 166 against, after a tumultuous session. Once the discussion and analysis of some changes proposed by some parliamentarians are concluded, the . . .

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