Brazil's veto on power contracts law affects Ferbasa, electro-intensive industries

Brazil’s government has vetoed parts of a provisional law that would allow the renewal of long-term energy contracts without alterations in tariffs and price adjustment criteria.

The measure would affect mainly electro-intensive industrial consumers such as ferro-alloys producer Ferbasa, which was hoping to be able to renew its contract with state-owned power company Chesf that expires...

Published

Danielle Assalve

January 21, 2015

13:10 GMT

São Paulo