Electrobras :Continues to sell Domestic Power Transmission Assets

It is reported in October 2017 that Centrais Elétricas Brasileiras (or Eletrobras) was planning to sell some of its domestic power transmission assets. The news has already been confirmed by Electrobras CEO Antnio Resende Faria. Local power transmission company Transmissora Aliana de Energia Elétrica(Taesa) immediately announced plans to participate in the bid for the domestic power transmission lines. Taesa hopes to expand its power transmission networks in Brazil through acquisition. Besides, Taesa also has plans to purchase part of the power assets of Abengoa in Brazil. The case is now under due diligence.