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The board of Brazilian energy giant Eletrobras has approved a 6.5bn-real (US$2.9bn) capital raise to bankroll the firm's five-year business plan.
According to the state-run utility, Banco do Brasil has approved 4bn reais in credit and Caixa 2.5bn reais.
The eight-year loan term stipulates monthly principal repayments after an initial two-year grace period.
In March, Eletrobras announced plans to invest 60.8bn reais by 2018.
Eletrobras aims to add 13.4GW of installed capacity and 19,200km of transmission lines in the five-year period. The expansion also targets the 50% acquisition of Uruguayan wind developer Rouar.