The Brazilian government has decided to postpone the transmission lines auction scheduled for September 2 to try to avoid a failure due to lack of bidders, two sources with knowledge of the matter told Reuters on Monday.
The government had expected to attract investments of up to 12.6 billion reais ($4 billion).
But the Energy Ministry decided to review the terms of the auction to ensure interest from investors. State-owned power holding company Centrais Eletricas Brasileiras SA rescheduled the privatization auction of Centrais Eletricas de Goias SA last week also due to lack of bidders for the distribution company. Corey Seager JerseyShare This