Enersis to invest $ 500 mm in Power in Brazil

Nov 25, 1996 01:00 AM

Chilean Enersis, which won the privatisation auction of the electric company Cerj in Rio de Janeiro through the subsidiary Chilectra, plans to firm its presence in Brazil. It will invest $ 500 mm to develop Cerj's operations over the next five years. This move is part of a strategy to extend operations in the infrastructure sector throughout South America, bidding for companies put for privatisation. Enersis, through its subsidiaries, has already a presence in the electric sector of Argentina and Peru. Plans now include to bit for the 33% stake to be sold off in the electric company Cemig, at Minas Gerais state.

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