UPDATE 3-Brazil government considers emergency coronavirus loans for power sector

SAO PAULO, March 30 (Reuters) – Brazil’s government is considering an emergency loan package for energy distributors struggling with lower energy use and facing lost revenues because of the coronavirus outbreak, an industry group told Reuters on Monday.

Marcos Madureira, president of Brazilian energy distributors association Abradee, said the package being negotiated by companies and the government could involve loans from state development bank BNDES or a pool of banks, but that the value of the loans and other details was not yet settled


By Luciano Costa via Reuters


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