Brazil utility company receives power loan

Calcutta News.Net
Friday 26th September, 2008

The Brazilian Development Bank has approved a US$180 million loan for a Sao Paulo-based energy distribution company.

The company, CTEEP, intends building its own transmission system with the money from the loan.

CTEEP is the top energy supplier for Sao Paulo state, which currently has more lines than any other area in Brazil.

With a total of 18,500 kilometers of transmission lines, the company distributes 60 percent of the energy consumed in southeastern Brazil, or 30 percent of national consumption.

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