May 26, 2021 |
Bento Albuquerque, Brazil's minister of mines and energy, is "confident" that the Senate will approve a proposed capital increase in the state-owned power company Eletrobras within a month and complete the next step in an ongoing privatization process, he told LatinFinance on Tuesday.
"Lawmakers have understood that the capital increase is a necessity. This will contribute to the modernization of the electricity sector and boost investment and productivity," Albuquerque said.
The Chamber of Dep
Bento Albuquerque also says Brazil is well positioned to benefit from a "virtuous" cycle in commodity prices over the next two to three years