This year Eletrobrás, the state-controlled Brazilian electricity generation and distribution company, faces big challenges. After announcing the second largest loss of a publicly listed Brazilian company in 2013 (a total of US$2.74bn), the company’s chief executive José da Costa Carvalho Neto has vowed to get the utilities group back into the black in 2014. Yet to do so he must find a way to cope with lower hydro-electric power supplies resulting from recent drought, the expected big spike in electricity demand in-June-July, when some 600,000 visitors are due to arrive for the World Cup, and the political pressures swirling around October’s general election.End of preview - This article contains approximately 1132 words.
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