Petrobras teases power assets

Petrobras teases power assets

Electricity Gas Renewable M&A Brazil Latin America

Brazilian state-owned oil company Petrobras released a teaser late Thursday for its stakes in five power generation companies that operate thermoelectric and small hydroelectric power plants. Petrobras wants to sell its 20% in Brasympe, Suape II and TEP, 40% in CEM and 30% in Brentech, according to the teaser. Brasympe owns 60% of Termocabo, which operates a 49.7 MW fuel oil-fired thermoelectric plant, and Suape II operates a 381 MW fuel oil-fired plant. Both are in Pernambuco. TEP is a holding

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