China Grid Buys Brazil Power Cos

China Grid Buys Brazil Power Cos

Brazil

State Grid Corporation of China has acquired 7 Brazilian power companies and a 30-year transmission operating concession. According to an announcement posted on China’s State-owned Assets Supervision and Administration Commission of the State Council website, the power transmission company invested $989m in the deal. The assets are primarily located in the Southeastern region of the country, including the Brasilia, Rio de Janeiro and Sao Paulo markets. State Grid identifies rapid demand growth a

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