Suez Wins Brazil Hydroelectric Project, Eyes More
Suez expects to land "multiple" large-scale projects in Brazil after a consortium led by the French electricity and water group won a concession for a $5 billion hydroelectric plant in the Amazon. Due to merge with state-owned gas supplier Gaz de France in coming weeks, Suez said the Brazilian deal would be profitable despite agreeing to sell two-thirds of its production 45 percent below market prices.