Interest in the sale of Brazilian power company Copel among major multinationals in the electric power sector is likely to be strong with a minimum sale price of R$4.32bn ($103.3bn) having been fixed. The company tender is to be held by late October and has three strong prospect bidders: Electricite de France (EdF), Endesa and Tractebel.

EdF controls Light and also Eletropaulo Metropolinata. The company has operates in Brazil since 1996 and already has invested $2bn in the country, being $1bn for Light and Metropolitana. Tractabel controls Gerasul owner of the most extensive generating complex comprised by eight hydro and thermal electric power facilities. Endesa controls Cerj and Coelce.

The US AES and Duke Energy, the Canadian Hydro-Quebec, the Italian Enel and the German RWE will also struggle for Copel. The Brazilian Cemig acquired the notice but quit the operation

Copel is the eighth largest Brazilian electric power generating company with a R$4.9bn net worth and R$7.9bn assets. The company’s installed capacity is 4545 MW. It owns 6690 Km of transmission lines and is responsible for 6.9 per cent of installed capacity in Brazil.

Copel plans investments of R$938m between 2001 and 2003, being R$330 in distribution, R$262m in generating and R$248m in transmission. The winner will have to honour planned investments.