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Brazil’s energy distributors to borrow up to US$2 billion

RIO DE JANEIRO, BRAZIL - The proposal was presented at an extraordinary meeting of the agency by director Efrain Pereira da Cruz, rapporteur of the issue, and is pending the approval of other directors.

The credit operation intended to lower the electricity bill in 2022 will be divided into two installments.

The first part of the loan amounts to R$5.6 billion and will be submitted to public consultation until February 13.

This part is intended to cover the deficit in the tariff flags account in April 2022, after the end of the water scarcity flag.

The funds will also . . .

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