Tag: Brazil

WEG acquires a transformer factory

WEG SA announces that it has entered into an agreement with TSEA for the acquisition of one of its transformer plants, located in Betim, Minas Gerais, in Brazil.

$288 M for Brazil’s renewable energy project

The International Finance Corporation is providing a $288 M 15-year loan to UTE GNA I for the development, construction and operation of an integrated liquefied natural gas to power facility in Porto de Açu.

Toshiba sells its South American T&D business

Japan, Tokyo: Toshiba Corporation has decided to transfer all outstanding shares of Toshiba South America Ltda. (TSAL), Toshiba’s consolidated subsidiary in Brazil, to TSEA PARTICIPACOES S.A. (TSEA).

Brazilian utility might sell six distribution units

Brazil, Sao Paolo: Centrais Eletricas Brasileiras SA (Eletrobras), Brazilian state-owned power holding company which could be privatized next year, will have to sell six power distribution units at a loss, Reuters cites a government source.

Aperam commissions new $19M GOES line in Brazil

Brazil: Aperam South America, a global specialty steel producer, has started up a high-permeability grain-oriented electrical steel (HGO) line at its Timóteo facility, in Brazil's south-eastern Minas Gerais state.

Chinese utility buys big in Brazil

State Grid Corporation of China announced that it has taken ownership of a controlling stake in the Brazilian power utility CPFL Energia SA, the largest power distributor in the country.