Eletrobras to Chase Peru Assets

Brazil’s Eletrobras says it plans to invest in Peruvian generation and will look to bid on energy generation auctions in the country. Speaking earlier this week, CEO Jose Antonio Muniz Lopez said Eletrobras is interested in establishing itself in Peru nd could seek a partnership to bid on new projects. Peruvian laws state that to bid for concessions, foreigners must work in partnership with a local entity. Eletrobras has already attempted to team up with Eletroperu but that partnership never materialized, according to a local report.