A unit of Brazil’s state-led utility holding company Centrais Eletricas Brasileiras SA sold its stake in a Nicaraguan hydroelectric project for $44.2 million, Eletrobras, as the parent company is known, said in a statement on Monday.
Centrales Hidrelectricas de Nicaragua, 50 percent owned by Eletrobras, sold the stake in the 253 megawatt Tumarin project to Nicaraguan utilities state-owned Empresa Nicaraguense de Electricidad and Distribuidora de Electricidad del Norte SA, Eletrobras said. (Reporting by Jeb Blount).
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Source: Reuters.com
