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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (15350)	5/18/1999 8:35:00 AM
From: wl9839	Read Replies (1) \| Respond to of 22640

Public Service Enterprise to Spend $500 Mln on Brazil Plant in Parana Sao Paulo, May 18 (Bloomberg) -- Public Service Enterprise Group Inc. will spend $500 million to build a 600-megawatt thermoelectric plant in Curitiba, in southern Brazil, Gazeta Mercantil newspaper reported. The plant will be built in partnership with state-controlled Petroleo Brasileiro SA and is expected to start construction within 12 months. PSEG's Brazilian unit said the company is interested in investing in electric utilities in the country's southern region, with a focus on the sale of Centrais Eletricas de Santa Catarina SA and Cia. Paranaense de Energia. PSEG, which has interests in 24 power plants in the U.S. and overseas, won a contract from Petrobras last year to build a 480- megawatt plant powered by residual fuel, a product of oil refining. (GM 05/18; C-2) ------------------------------------------------------------------------ © Copyright 1999, Bloomberg L.P. All Rights Reserved.