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Brazil’s Guedes says Eletrobras won’t be able to invest enough to keep up with stronger economic growth -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. Brazil’s Economy Minister Paulo Guedes poses in front of a flag-raising ceremony at Alvorada Palace, Brasilia on March 17, 2022. REUTERS/Adriano Machado

BRASILIA, Reuters – Brazil’s Economy minister Paulo Guedes stated on Thursday that Eletrobras, the state-run power plant in Brazil was unable to invest enough money to support its expected stronger economic growth over the next years.

Guedes spoke at an Eletrobras-sponsored event to discuss plans to offer shares to raise more funds.

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