BNDES approves loans to power distributors

BNDES approves loans to power distributors

Bonds Debt Capital Markets Corporate & Sovereign Strategy Project & Infrastructure Finance Energy

Brazil's BNDES approved 10 loans totaling BRL7.6bn last week to fund electricity distribution infrastructure projects across nine states, according to a statement from the development bank.  The borrowers are all power distribution companies based in the states of Pernambuco, Maranhão, Bahia, Pará, São Paulo, Minas Gerais, Mato Grosso do Sul, Paraná and Rio Grande do Sul.  Equatorial Energy received two loans amounting to BRL2.56bn for investments in its subsidiaries Centrais Elétricas do Pará

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial