Petrobras steams ahead with sale of thermal power plants

Petrobras steams ahead with sale of thermal power plants

M&A Energy Electricity Brazil

Brazil's state-owned oil company Petrobras said it sent out teasers for the sale of four thermal power plants as it pushes ahead with a five-year divestment program in the midst of low global oil prices and high cash burn by the company.  Petrobras has split the sale into two groups with three fuel oil plants – Arembepe, Bahia 1 and Muricy – in the 329MW Camaçari group and the 249MW Canoas bi-fuel plant in Rio Grande do Sul in the other, the company said in the teasers issued on Wednesday. The t

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