EDP suspends acquisition of transmission line amid COVID-19 crisis

15 May 2020 - 12:00 am UTC

EDP Brasil has suspended negotiations to purchase a power transmission asset amid the COVID-19 crisis, according to a spokesperson.

The company postponed talks as part of a measure to preserve its cash position and reduce operational costs, including a four-month delay on capex deployment for the transmission business, the spokesperson said.

EDP declined to confirm the location of the asset.

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