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LatinNews Daily - 17 August 2018

In brief: Brazil

* A regional court in Brazil’s Rio de Janeiro state has suspended the sell-off of four distribution units of the state-owned electricity company Eletrobras. The decision by Rio de Janeiro state’s labour court (TRT/RJ) came one day after Márcio Félix, the executive secretary at the federal energy & mines ministry, had assured that an auction to sell-off the units would be held on 30 August. The privatisation of Eletrobras’ distribution companies is a key element of President Michel Temer’s economic reform agenda, but it has met with repeated legal challenges from workers’ unions. The planned sale of Amazonas Energía, Boa Vista Energía, Ceron, and Eletroacre had already been pushed back from 26 July, the date on which Brazilian private company Equatorial Energia acquired Cepisa, an Eletrobras distribution unit that operates in the north-east of the country.

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