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Eletrobras sells thermal power plants to Âmbar for 4.7 billion reais

By , based on Camunda News

Eletrobras sells thermal power plants to Âmbar for 4.7 billion reaisDeyvid Setti e Eloy Olindo Setti · CC BY-SA 3.0

Eletrobras, the Brazilian electricity group, is to sell its thermal power plants to Âmbar Energia, a subsidiary of the J&F group, for 4.7 billion reais. The deal includes a conditional earn-out of 1.2 billion reais and forms part of the company’s portfolio reorientation, according to Reuters.

Eletrobras, the Brazilian electricity producer, has concluded the sale of its thermal power plants to Âmbar Energia, a Brazilian energy company, for 4.7 billion reais (about $820 million). The amount includes an earn-out component of 1.2 billion reais, linked to the fulfilment of future conditions or performance targets, according to Reuters.

The plants concerned have a total capacity of 2 gigawatts and are accompanied by electricity supply contracts. Eletrobras thus wants to refocus its portfolio on its core activities, while Âmbar Energia takes over the thermal assets and their associated contracts, according to Reuters.

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