Bertin Energia, the electric power holding of Bertin Group, has given back concessions for the 300 MW Jose de Alencar thermal power plant in Brazil after its contract with the government came to an end, it has been reported.

Separately, the firm has also given up concessions on other three fossil fuel plants.

The moves are part of a wider strategy to narrow its portfolio, divest assets and allow new entrants in the thermal market following concerns from analysts that the company had taken on too many projects without having the financial strength to cope with them, O Estado de São Paulo reports.

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