Petrobras closes sale of 90% stake in Transportadora Associada de Gás to Engie
Brazil’s state-controlled oil company Petroleo Brasileiro SA, Petrobras, has concluded negotiations on the new sale and purchase agreement for the divestment of its 90% stake in natural gas pipeline operator Transportadora Associada de Gás (TAG) to Engie and Canadian pension fund manager Caisse de dépôt et placement de Québec.
TAG engages in the storage and transportation of natural gas through pipelines, terminals, and vessels in Brazil.
With this development, Petrobras is now preparing for the second round of bidding for TAG which is expected to be due on the first week of April. One of the rival groups is led by Australia’s Macquarie Bank, with Canada Pension Plan Investment Board and Brazilian investment firms Itausa Investimentos SA and Cambuhy Investimentos Ltda. The third one is led by United Arab Emirates’ Mubadala Investment Co and EIG Global Energy Partners.
Country updates
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March 19, 2019
Atlas closes on USD$152 M financing for three solar plants in Brazil
Atlas Renewable Energy has announced the completion of long-term financing of three of its solar energy plants in Brazil for a total amount of USD152 million.
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March 01, 2019
Cemig commissions solar PV project in Minas Gerais
Brazilian utility Cia Energetica de Minas Gerais SA (Cemig) has started the operation of its solar photovoltaic project located in Janauba municipality, Minas Gerais state in Brazil. ...
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February 26, 2019
CADE approves Omega Geracao's acquisition of 303 MW Assuruá wind complex
The Administrative Council for Economic Defense (CADE) of Brazil has approved without restriction the purchase of Omega Geracao SA of the 303 MW Assurua wind park located in Gentio...
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February 26, 2019
Cobra enters agreement with Bolognesi to acquire 1,280 MW thermal power plant in Brazil
Cobra, a unit of ACS, has entered into an agreement with Brazilian group Bolognesi to acquire and develop a 1,280 MW thermoelectric power plant in the State of Rio Grande do Sul, Brazil.&nbs...
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February 25, 2019
Rio Grande do Sul approves construction of 50 MW biomass project
The environmental protection agency in Rio Grande do Sul, Fepam, released the implementation license for a 50 MW Usina Termeletrica Cambara biomass project. The project will be located in Cambara do S...
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