Zema sells 4 Cemig hydropower plants amid privatization attempts

Government of Minas Gerais sells assets to private sector, raising concerns over state control.

In a recent auction, Governor Zema sold four hydropower plants of Cemig to Âmbar Energia.

This marks the 19th asset sold by the government, with 15 transactions completed in 2023.

The sale includes plants in Juiz de Fora, Manhuaçu, Águas Vermelhas, and Uberlândia.

The privatization trend raises worries about long-term socio-economic development and energy sovereignty.

Leave a Reply