Brazil unveils energy rationing plan
-
18/05/2001
-
Financial Times (London)
The Brazilian government yesterday unveiled a long-awaited power rationing plan to be implemented indefinitely from June 1, which relies mostly on financial incentives and avoids obligatory blackouts to overcome the country's worst energy crisis in decades. The announcement came after week of mounting public concern and nervousness in the country;s financial markets over the possible impact of the energy shortage on business.