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Brazil’s New Energy Minister Avid Supporter of Privatization

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian President Michel Temer, confirmed on Sunday that
the Minister of the General Secretariat of the Presidency, Wellington Moreira Franco, will take over the Ministry of Mines and Energy. Moreira Franco, linked to the Lava Jato (CarWash) corruption scandal, is a strong supporter of the privatization of large public companies, such as Eletrobras.

“Nothing changes,” Moreira Franco told daily O Estado de S. Paulo after being named the new Energy Minister. “The process of capitalization of Eletrobras is a governmental policy and will follow the same parameters and the same . . .

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