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.