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Equatorial Energia sizes up BNDES loans
Equatorial Energia sizes up BNDES loans Brazilian power company approves two loans for $413 mln for its distribution businesses in Pará and Maranhão
LoansDebtCorporate & Sovereign StrategyEconomy & PolicyEnergyBrazilLatin America Brazilian power company Equatorial Energia has lined up to two loans worth BRL2.1 billion ($413 million) from the national development bank BNDES, according to the minutes from a board meeting released on Wednesday.
At the meeting, Equatorial s board approved a BRL1.36 billion loan for the distribution business in the northern state of Pará and BRL751 million for the distribution business in Maranhão.
The company also owns distribution companies in the states of Piauí and Alagoas. In addition, i