BRAZIL: Government Works To Get Eletrobras Privatization Bill Voted Next Week

The Brazilian government is working with allied representatives to get the bill which authorizes the sale of six Eletrobras power distributors in the North and Northeast regions voted next week, said the minister Mines and Energy, Moreira Franco.

Asked whether this might not happen and the auction scheduled for July 26 is postponed for later this year, the minister merely said that the government is working to get the bill voted next week.

“After Brazil’s match on Monday the expectation is that the representatives are more brightened and the voting can happen,” said the minister.

The bill incorporates some points of the decree which changed rules of the national electricity system but was removed from the agenda due to lack of consensus among parliamentarians.

The material has been provided by InstaForex Company – www.instaforex.com

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