President of Furnas wants the privatization of the company along the lines of BR distributor

The model for selling shares on the stock exchange, as used in the sale of BR, is the best, according to the new president of furnas, engineer Luiz Carlos Ciocchi

The new president of Furnas, the engineer Luiz Carlos Ciocchi defended the privatization of the company and suggested that the same model be used as the one used when the share control of BR distributor was sold.
It is worth remembering that the STF released the sales of subsidiaries and Furnas is the power generation arm of Eletrobras which is the largest power company in Latin America.

The model defended by Ciocchi is the sale of the company's shares on the stock exchange, he even defended the argument in a meeting with journalists last Tuesday (30/07).
“I welcome the capitalization, for the opportunity and strength it can bring to the company. It's a smart and easy way out from an operational point of view. The sale of BR was easy, a simple sale of shares on the stock exchange,” he said.

HEALTH – FREE MARKET

Luiz carlos Ciocchi has been in office for three months and his speech is in line with statements made by the presidents of Petrobras, Roberto Castello Branco, and Rubem Novaes, from Banco do Brasil.

The Minister of Mines and Energy declared, however, that the sale of Furnas must pass through Congress, which did not happen with the sale of BR Distribuidora.

The President's Thought

The president of Furnas also declared that even if it is a state-owned or private company, the company's strategic objective will not change, which is to make the company the biggest and best energy company in the country, and that in the current scenario the governments of the world has more capacity to invest in energy, thus releasing privatization in the coming months.

The theme has been resisted by the opposition since the times of Fernando Henrique Cardoso, when he wanted to privatize parts of the electricity sector.
Furnas, currently comprises 21 hydroelectric power plants, three wind farms and two conventional thermal plants, and in the transmission area it has 29 km of transmission lines.

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