Centrais Eletricas Brasileiras SA, Latin America’s largest utility, said it plans to invest more than 30 billion reais ($16.2 billion) during the next four years, including on overseas expansion.
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Eletrobras, as Brazil’s government-controlled electricity utility is known, plans to buy a Peruvian energy company to participate in the country’s auction of two hydroelectric dams.
Eletrobras shares fell 49 centavos, or 1.9 percent, to 25.43 reais.
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