For Sale: The Rio Utility That Loses a Fourth of Its Electricity

  • Light lost 24% of its power in past year, mostly to thieves
  • Utility ‘can’t do much in areas where there’s no rule of law’

People look out from a window in Rio's Rocinha favela. Rocinha, home to more than 69,000 residents, is one of Latin America's largest favelas or shantytowns.

Photographer: Nadia Sussman/Bloomberg

Anyone thinking about buying Rio de Janeiro’s biggest electric utility should pay attention to one critical number: 24 percent.

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