Eletrobras Expects Brazil License Renewal Decision This Quarter

Centrais Eletricas Brasileiras SA (ELET6) expects the Brazilian government to decide on the renewal of hydroelectric licenses this quarter, according to an e-mailed statement.

The company in the next few years will start operating plants with similar capacity to those with expiring concessions, according to an e-mailed statement sent by the company’s press office in response to questions.

The licenses that Eletrobras, as the company is known, expects to be renewed expire in 2015.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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