Sterlite started works in Brazil and wants to seek credit with BNDES

The Indian energy Transmission company, Sterlite Power, started last Friday, September 28th, works of electric power in Brazil and is dialogueing possibilities to get a possible credit. The company started its first project in the state of Pernambuco, after the sale of the auctions of the last year nine projects of transmission lines installations in the country, with investments estimated at R $7 billion.

The president of Sterlite in Brazil, Rui Chammas, said that the company is in conversation with the BNDES (National Bank for Economic and Social Development) on the financing of investments, but also in communication with other banks.

The company's goal is to deliver your projects in advance to increase profitability. Chammas stated that the first proposal is already underway and that the forecast is to anticipate delivery up to one year of the planned date. The second venture will be in Rio Grande do Sul and is already planned to start in a few weeks, so leaving the environmental permission of installation will start the works.

The ventures will still extend to other states. They are Bahia, Pará, Sergipe, Ceara, Minas Gerais, Tocantins, Rio Grande do Norte, Paraíba and Goiás, which will generate many investments. Another goal of the company is to increase the applications and reach approximately R $10 billion invested in the next few years and to employ the amount in other countries as well.

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