Brazil's Copel sharpens focus on generation, transmission

Thursday, August 14, 2014

Brazilian utility Copel will invest 1.62bn reais (US$712mn) in the second half of 2014, with a focus on expanding generation and transmission infrastructure.

In its second quarter earnings report, Copel forecast an outlay of 1.02bn reais on two hydroelectric plants, two transmission lines and three substations.

Start your 15 day free trial now!


Already a subscriber? Please, login

The Curitiba-based firm will also allocate 414mn reais to distribution projects and 143mn reais to unspecified "new ventures."

The forecast follows investments of 1bn reais in the first half.

Copel reported Q2 net income of 248mn reais, down 1.3% from the same period last year.

The result was impacted by a 76.8% jump in wholesale energy costs, the company said.