CESP Says Brazil to Decide This Year on Dam-Contract Renewals

Cia. Energetica de Sao Paulo, Brazil’s third-largest electricity-generation utility, said the government will decide this year if it can renew rights to operate four hydropower dams that expire by 2015.

The national energy council canceled a meeting to discuss the contracts in April and plans to resolve the issue later this year, Cesp Chief Executive Officer Guilherme Cirne de Toledo and Chief Financial Officer Vicente Okazaki said on a conference call today.

To contact the reporter on this story: Jeb Blount in Rio de Janeiro at jblount@bloomberg.net

To contact the editor responsible for this story: Dale Crofts in Buenos Aires at dcrofts@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.