How the Privatization of Eletrobras May Lead To an Uncertain Future in Brazils Energy Transition and Favor Price Increase to the End-Consumer

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16 February 2023, 08:15

NEW YORK, Feb 15 (IPS) - Eletrobras is Latin America’s biggest electricity company, responsible for around 30% of Brazil’s power capacity and 50% of all its transmission lines. In 2021, the Brazilian government announced it would reduce its controlling shares in this state-owned company from 72% to 10%. Given Eletrobras’ dominant role in Brazil’s power sector, this divestment in the government’s controlling shares merits a more complete understanding of the implications for Brazil’s energy transition and energy security.

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