September 1, 2021 |
Engie Brasil Energia, the Brazilian business of French energy group, said it has agreed to sell a coal-fired thermoelectric power plant to local fund manager FRAM Capital for as much BRL325 million ($63.1 million).
FRAM Capital will pay BRL210 million upon closing the deal for the Jorge Lacerda thermoelectric complex and another BRL115 million subject to certain conditions, Engie said in a statement on Monday. The deal is expected to close in 60 days, it added.
The sale is part of Engie's effort
French energy group offloads the Jorge Lacerda complex to local fund manager FRAM Capital for $63 mln