Rio de Janeiro – The Brazilian Development Bank (BNDES) announced this Wednesday (26) the approval of ten credit operations this month. A total of BRL 7.6 billion (USD 1.9 billion) will be invested in power utilities in the states of Pernambuco, Maranhão, Bahia, Pará, São Paulo, Minas Gerais, Mato Grosso do Sul, Paraná and Rio Grande do Sul.
The BNDES will supply two lines of financing to the Equatorial Energia conglomerate, to roll out the 2018-2020 investment plans of power utilities Centrais Elétricas do Pará S.A. (Celpa) and Companhia Energética do Maranhão (Cemar) in the triennium. The funds will be employed by Celpa and Cemar in technology updates, offsetting of commercial losses, system expansion and improvement of operations and quality of services rendered.
The bank also cleared BRL 2.47 billion (USD 632.9 million) in loans to the Neoenergia conglomerate, active in 223 municipalities in São Paulo and five in Mato Grosso do Sul. The funds will go into increasing power supplies and adapting services to customer demand, among other things.
The CPFL/State Grid conglomerate will get BRL 2.6 billion (USD 666 million) in loans from the BNDES for implementation of the investment plans of five utilities active in several municipalities in the states of São Paulo, Minas, Paraná and Rio Grande do Sul. The goal is to cater to growing customer numbers and demand.
Translated by Gabriel Pomerancblum
