Brazil Narrows Budget Gap With $4.5 Billion Hydropower AuctionBy
China Three Gorges offers $632 million for biggest group
Companies bid for contracts to run 6 gigawatts of hydropower
Brazil raised 17 billion reais ($4.5 billion) from bidders including China Three Gorges Corp. in a government auction for more than 6 gigawatts of existing hydroelectric plants.
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