Belo Monte hydroelectric plant is for sale

TV Jurerê
11:00:AM - 13/Feb/2017
Belo Monte hydroelectric plant is for sale

13/02/2017 | 11AM

Considered the third largest hydroelectric plant in the world, behind the Chinese Three Gorges and Itaipu Binacional, the Belo Monte hydroelectric plant was put up for sale for an estimated price of R$ 18 billion. 

According to a report published by O Estado de São Paulo newspaper, even before the bank starts leading the negotiation, some Chinese companies have already been prospecting, and there are also interest from State Grid and China Three Gorges, which already operate in Brazil and have important assets in the energy sector. 

But the venture is involved in Operation Car Wash, which investigates the payment of bribes by the Belo Monte consortium, formed by Odebrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, OAS and five other smaller contractors, which may complicate the business.