Eletrosul to Borrow $34 Million for Brazil Wind and Solar Power

Oct. 13 (Bloomberg) — Eletrosul Centrais Eletricas SA, a
Brazilian state-run power company, arranged 81.4 million reais
($34 million) in loans to expand its renewable energy generation
and transmission operations.

The company will borrow 11.3 million reais from the
country’s research-financing agency Finep to develop wind and
solar projects, the Florianopolis, Santa Catarina-based company
said in a statement today. It’s borrowing an additional 70.1
million reais from the state development bank to expand
transmission lines in the country’s south. Eletrosul officials
didn’t immediately respond to e-mail and phone requests for
comment.

The company received approval Oct. 3 for a 66.8 million-euro loan from German bank KfW to expand a wind project in the
southern state of Rio Grande do Sul.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
vdezem@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Jim Efstathiou Jr.

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