Petrobras discusses lease of thermal power plant

Petrobras discusses lease of thermal power plant

M&A Brazil Energy Electricity Gas

Brazil's state-owned oil company Petrobras said it is negotiating a possible lease of the ThermoCamaçari thermal power plant with Proquigel Química, part of the local chemical company Unigel. Petrobras previously tried to sell the plant as part of a larger $2.2 billion deal with France's Total from December 2016. That deal, however, "was not concluded," Petrobras said in a statement on Tuesday. TermoCamaçari, a natural gas-fired thermal power plant in the state of Bahia, has an installed capacit

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