Rio de Janeiro \u2013 Investment made by Eletrobras reached 8 billion Brazilian reals (US$ 4.3 billion) up to November and should reach 9 billion reals (US$ 4.8 billion) by the end of the year. \u201cIt is an absolute record,\u201d said on Tuesday (27) the president at the electric energy holding, Jos\u00e9 da Costa. However, the figure represents 90% of the initially forecasted investment, 10 billion reals (US$ 5.4 billion).<\/p>\n
In 2012, Eletrobras plans to invest 13.3 billion reals (US$ 7.1 billion), \u201calready approved\u201d, according to Costa, with 6.8 billion reals (US$ 3.7 billion) being invested in the generation sector, 3.87 billion reals (US$ 2.08 billion) in transmission and 1.86 billion reals (US$ 998 million) in distribution. The remaining funds will go to research, infrastructure and environmental quality.<\/p>\n
The Finance and Investor Relations director at the company, Armando Casado, said that investment programmed for 2012 forecasts the release of bonds abroad for the value of US$ 2 billion. When adding funds collected abroad and funds collected domestically, the volume reaches 3.9 billion reals.<\/p>\n
In financing by the Brazilian Development Bank (BNDES) and by the constitutional funds of the Northeast and Midwest, the company should collect funds of 4.1 billion (US$ 2.2 billion), to which loans from the World Bank, Inter-American Development Bank (IDB) and the German government development bank (KFW), totalling 900 million reals (US$ 483 million) will be added. The company will invest another 4 billion reals (US$ 2.1 billion) of its own funds.<\/p>\n
In October 2011, Eletrobras collected US$ 1.75 billion with bond issues abroad, obtaining the lowest interest rates ever for the company (5.75% a year). The operation matures in ten years and was the largest operation of the kind ever developed by the company, pointed out Casado.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The Brazilian electric energy company invested US$ 4.3 billion up to November. The total should reach US$ 4.8 billion by the end of the year.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-40256","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian electric energy company invested US$ 4.3 billion up to November. The total should reach US$ 4.8 billion by the end of the year.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40256"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40256\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}