China State Grid officials visit Abengoa energy assets for sale-sources

April 5, 2016 7:14 PM

20 0

SAO PAULO, April 5 Officials from China State Grid visited energy transmission projects in Brazil under construction by Abengoa to evaluate the merits of a takeover of the assets that had stalled last year when the Spanish firm ran into financial problems, two sources confirmed on Tuesday.

One of the sources, a federal official close to the negotiations, said the sale of all of Abengoa's energy projects in the country to State Grid was a scenario preferred by the government, as the Chinese firm was sufficiently capitalized to assure the completion of the projects. (Reporting by Lucian...

Also read: China Confirms Details of Trump-Xi Meeting at Mar-a-Lago

Read more

To category page

Loading...