Eletrosul Plans Infrastructure Debentures

Brazil’s Eletrosul plans to raise funds for three wind generation projects through the sale of infrastructure debentures, according to government documents granting authorization for such a sale. The Geribatu I, II and III projects represent 66 megawatts of the 258-megawatt BRL1bn Geribatu project comprised of 10 wind farms in the state of Rio Grande do Sul. Specific details of any issuance are not yet available, a spokeswoman says. Eletrosul, a unit of Eletrobras, has 49% ownership of Geribatu, with private equity fund Rio Bravo holding 51%. The project should be operational in 2014. Eletrosul and Rio Bravo are also partners in the Cerro dos Trinidade wind project, which has also been authorized to sell infrastructure debentures.