Brazilian utility to expand power generation portfolio by 1.8 GW

Brazil’s Petrobras (NYSE: PBR) said it plans to expand its installed power capacity to 7.8 GW by 2020, according to BNamericas.

The expansion includes the 530 MW Baixada Fluminense thermoelectric power plant in Rio de Janeiro, which is due to begin operating in March 2014, the article said.

Petrobras reportedly said it expected investments of $900 million in new projects, but projects would not continue until feasibility studies are completed. Petrobras’ current portfolio includes four wind, 16 thermoelectric and seven biofuel power plants for a total capacity of 6 GW.

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