Deals
EDP Plans to Double Size in Brazil on Power Transmission Bet
- Setas sees room to increase leverage in new stage of growth
- Transmission to make up 20 percent of balance sheet by 2021
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The Brazilian unit of EDP - Energias de Portugal SA plans on boosting investments once Latin America’s largest economy starts to recover, aiming to double in size by 2020.
The firm, which began operating in Brazil during the privatization wave of the 1990s, is “completely optimistic” with the outlook for the country, Chief Executive Officer Miguel Setas said in an interview at Bloomberg’s Sao Paulo office. With single-digit interest rates and subdued inflation, what’s missing is growth and a materialization of the government’s agenda of reforms, he said.