Brazil’s federal power holding group, Electrobras, has approved its 2009-12 strategic plan for R$30.2 billion ($13.2 billion) of investments.
About R$26 billion will be invested in generation and transmission and distribution projects. In 2009, R$8.7 billion will be invested, followed by R$9 billion in 2010. This 2009 investment is a 170% increase on the 2008 capex.
Despite Electrobras’s bold announcement, 50% of the plan is already funded. Electrobras also plans to boost its international operations, including the installation of 11,000 kilometres of transmission lines to promote power integration in south America.
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