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Latin American Economy & Business - April 2014 (ISSN 1741-7430)
BRAZIL: A year of reckoning for Eletrobrás?
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.
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- REGION: The golden age of insurance in Latin America
- REGION: World Cup not so exciting for airlines
- BRAZIL: A year of reckoning for Eletrobrás?
- MEXICO: Economic ramifications of the Oceanografía scandal
- VENEZUELA: De-coding Sicad 2
- VENEZUELA: Foreign companies take the hit
- REGION: Good Infrastructure Investment Outlook
- REGIONAL ECONOMIC BRIEFS