Petrobras starts sale of thermal power plants

Petrobras starts sale of thermal power plants

M&A Debt Corporate & Sovereign Strategy Economy & Policy Energy Electricity Brazil

Brazil's Petrobras said it has sent out teasers to possible bidders for its 93.7% stake in Breitener Energética, which operates two thermoelectric plants in Manuas. The two plants — Tambaqui and Jaraqui — have 315 MW in installed capacity and an offtake agreement through 2025 for 120 MW with Amazonas Energia, Petrobras said in a statement. Eligible bidders must have at least BRL400m ($101m) in equity of assets under management to present an offer, Petrobras said. Crédit Agricole is advising the

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