China Three Gorges (CTG) is now focused on the Brazilian market, and evaluates various opportunities for mergers and acquisitions, Li Yinsheng, president of CTG Brasil, told. Until then, CTG’s focus was on completing the operational transition of the Jupiá and Ilha Solteira hydroelectric plants, bought in a re-auction in November last year (2015) for R$13.5 billion. “We have an M&A team that is evaluating different opportunities in Brazil,” Mr. Li said. In addition, the company is still studying greenfield projects, always with a focus on hydro and wind power sources.
Source: Valor Econômico S. A.