3, 2015 /PRNewswire/ -- In the aftermath of implementation of Brazil's new, strict Anti-Corruption Law (Clean Companies Act), Eletrobras
, the state-owned energy company recently initiated an internal investigation into alleged corrupt practices within three Amazonian dam projects and a nuclear power plant.
According to Avancini, Eletrobras
charged as bribes 1 percent of the value of each contract awarded to construction companies, including Camargo Correa.
This project is part of an innovative plan aimed at improving the everyday lives of the customers served by Eletrobras
in the Amazon region.
Amazonas Energia is part of the Eletrobras
Group, Latin America's biggest power utility company and the tenth largest in the world.
market is quite dispersed, it is possible to acquire 5% of a company but still have access to the entire management information, explained Sinval Gama, superintendent for overseas operations of Eletrobras
Most of the investment projected by the program are existing, programmed investments by state-owned companies, particularly by Petrobras and Eletrobras
The latest casualty of the feud is Firmino Sampaio, the head of state electricity holding company Eletrobras
and an ally of Magalhaes.
Project Description : IFC has been retained as a Transaction Advisor by BNDES (the Brazilian National Development Bank) to structure and implement the sale of a controlling interest in CELG-D, an energy distribution Company owned by Eletrobras
and the State of Goais.
") (NYSE: EBR)between February 10, 2014 and April 29, 2015.
Full standardised balance sheets and income statements were not immediately available on the Eletrobras
website or on the website of Brazil's securities regulator, the CVM.
Ruderico Ferraz Pimentel, the head of overseas operations at Eletrobras
says: "African economies have always had immense potential, but this potential had not been well exploited, both because of infrastructural problems, which are beginning to be resolved, and because of the political instability, which some countries are now overcoming.
AuraPortal has a presence in 50 countries with more than 350 customers including, among others: Coca-Cola, PepsiCo, Frito-Lay, Toyota, Yamaha, Petroleos Mexicanos (PEMEX), ArcelorMittal, Eletrobras
, Royal KPN, Bristol-Myers Squibb, Sodexo, etc.