Brazil’s govt extends low-priced energy contract for electro-intensive industries

Brazil’s president Dilma Rousseff has signed a provisional law that extends until 2037 the low-priced energy contract between state-owned power company Chesf and a group of electro-intensive industrial consumers in the country’s northeast region.

The measure will benefit companies such as Ferbasa, Paranapanema, Vale, Gerdau and Braskem, which would have to pay nearly three times more to acquire energy once the contract with Chesf...

Published

Danielle Assalve

June 24, 2015

00:28 GMT

São Paulo