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Non-Tech : The Brazil Board

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From: elmatador	5/14/2011 9:11:53 AM
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EDP May Sell as Much as 14% of Brazil Unit in Public Offering Portuguese utility currently holds 64.8 percent of the EDP-Energias do Brasil SA unit, Lisbon-based EDP said in a filing posted on the website of Portugal’s securities regulator ... EDP is spending on new dams and wind turbines in Europe, Brazil and the U.S. to rely less on oil and coal while tapping government incentives for alternative energy. The utility in November cut its average annual investment target for 2011 and 2012 to 2.1 billion euros from an earlier forecast of 2.4 billion euros a year. businessweek.com

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