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Brazil secures 19 gigawatts at power capacity auction to strengthen energy supply
Brazil secures 19 gigawatts at power capacity auction to strengthen energy supply
About this update from Axia Energia Sa
By Leticia FucuchimaBrazil secured 19 gigawatts of thermal and hydro power plants at a capacity auction on Wednesday, representing the highest ever electrical power contracting in the South American nation, the deal's results showed.The government held the auction to secure back-up power capacity for periods of high demand or scarce supply.Winning projects, which include companies such as Petrobras BMFBOVESPA:PETR3, Eneva BMFBOVESPA:ENEV3, Axia Energia BMFBOVESPA:AXIA3, and Copel (CPLE3.SA), are expected to require 64.5 billion reais ($12.35 billion) in investments, according to the results.($1 = 5.2211 reais)