State-run oil company Petroleo Brasileiro SA (PETR4.SA) has alerted Brazil’s electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region.
In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais Eletricas Brasileiras SA, known as Eletrobras (ELET6.SA), because its subsidiary Amazonas Energia, which is building the plant in Manaus, owes it more than 2.5 billion reais ($814 million) for fuel supplies.
The document was seen by Reuters under Brazil’s Freedom of Information Act. Petrobras declined to comment.
Brazil Energy Insight 
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