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|28th August 2008, 11:58 PM||#1|
Join Date: Mar 2006
Brazilian hydroelectric power
Brazil produces a lot of their electricity from hydroelectric power plants. I guess that makes sense since there's a lot of rivers in South America. I noticed that there were some Brazilian members on the forums. What do you think about investing in these three Brazilian utilities?
CPFL Energia S.A. (CPL), Companhia Energetica de Minas Gerais [CEMIG] (CIG) and Companhia Paranaense de Energia [COPEL] (ELP), also known as COPEL
In this article
it says that CIG gets 82.6% of their electricity from 8 hydroelectric plants and 99.6 percent of ELP's power is hydroelectric. CPL has 23 small hydroelectric generation facilities, but it doesn't say what percentage of their power is hydroelectric.
CPL's investor information in English: http://www.cpfl.com.br/ir/
It says here http://www.cpfl.com.br/ir/ under Brazilian Electricity Sector
Also, are there a lot of environmentalist groups in Brazil that criticize energy companies?
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