MarketWatch

MarketWatch

Brazil

Power Rationing Hits Brazil Rainfall in Brazil in the first months of the year, the rainy season, was much lower than last year. Indeed, rainfall is well below historical levels and the reservoirs of hydroelectric dams in the southeast and northeast of the country are becoming depleted. The southeast is particularly vulnerable since it serves the state of São Paulo, Brazil's most heavily industrialized region. The electricity industry has not invested enough in additional thermal generating capacity to maintain normal supplies during drought conditions. Neither are power companies investing enough in new power plants to meet growing demand, partly because Brazil's power indust

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