AES Brasil Seeks to Start Shuttered Plant With Petrobras
This article is for subscribers only.
AES Corp.’s Brazilian unit said it’s in talks to buy gas from Petrobras Argentina SA to reopen a power plant amid a $1 billion dispute with YPF SA.
Brazilian and Argentine government officials are negotiating the deal to secure gas for the Uruguaiana plant after YPF suspended shipments of the fuel in 2008, Chief Executive Officer Britaldo Soares said in an interview today in Barueri, Brazil. The shuttered plant costs as much as $7 million a year to maintain, he said.