BNDES releases $276 mn financing for distributors of Energisa

The National Bank for Economic and Social Development (BNDES) will support the investment plan of nine electricity distributors of the Energisa Group, with funding of R$1.49 billion ($276 mn). The funds will be used to improve services, expand the distribution network and increase the number of customers served by the companies, which serve ten different states. Of the amount to be released,R$965 million ($178 mn) will be provided directly and R$522 million ($96 mn) indirectly.

Source: Money Times