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(ADPnews) - Nov 25, 2010 - Brazilian power holding company AES Brasil is in talks with the Brazilian National Social and Economic Development Bank (BNDES) for a loan to finance the company's projects, local energy news site Canal Energia reported yesterday.
The funds will support in particular the investment plans of AES Brasil's distribution arms, the article continues.
AES Eletropaulo and AES Sul will be in charge of big part of the BRL 7 billion (USD 4.066bn/EUR 3.057bn) planned investments by AES Brasil until 2016.
Investments in the next years will include the expansion of the network and the opening new customer service points, AES Brasil has said.
Also, part of the loan may be destined to the thermoelectric power plant (TPP) AES Brasil plans to build in Sao Paulo.
The project, currently in a process to receive an environmental licence, is seen to have an installed capacity of 550 MW.