Brazil Development Bank Lends $640M For Grid Upgrades

By Liz Hoffman (September 26, 2012, 5:12 PM EDT) -- Brazil's development bank will lend 1.3 billion reals ($640 million) to six power utilities to upgrade the country's grid, the bank said late Tuesday, the latest state effort to boost capacity and efficiency ahead of the World Cup and Olympic Games and meet its own rising domestic demand....

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