RIO DE JANEIRO, BRAZIL - The Brazilian power utility giant Eletrobras, the largest electric company in Latin America, will invest up to R$14 (US$2.8) billion a year when it is privatized, said Thursday Brazil's Minister of Mines and Energy, Bento Albuquerque.
"Because it is a state-owned company, today the company has many restrictions on investing and for this reason it has lost its investment capacity, something it will only regain when it is no longer controlled by the state and is capitalized," Albuquerque said in an interview with foreign correspondents in Brazil.
The minister explained that . . .