The governments of Brazil and Argentina want the construction of the 2.2 GW Garabi-Parambi hydroelectric complex to start by 2016, but like so many similar large-scale hydro projects it is facing serious opposition.
The news that Brazil’s government is to sell a controlling stake in the country’s largest power generator has seen a sharp rise in share price, but also some confusion as to the implications of the sale.
The $8bn privatization of Brazilian electric utility Centrais Eletricas Brasileiras (Eletrobras) could be delayed due to the country`s economic woes. The sale is planned for the second half of the year and is central to Brazil`s privatization programme.
Eletrobras, the Brazilian state-owned electricity transmission utility, has been given the go ahead to invest 1.15 billion reais ($465 million) to expand its electricity generation and transmission capacities amid an acute energy crisis.