LatAm to power up with capital from China

CTG acquires two major hydropower plants in Brazil for $3.7 billion

China Three Gorges Corp is to deploy more resources and manpower in both the Brazilian and the wider Latin American infrastructure markets over the next five years, as governments there offer more access to foreign companies to help boost their economies, its regional head said on Thursday.

CTG, the world's biggest hydropower producer by generating capacity, officially took over the management and operation rights of two Brazilian hydroelectric power stations earlier this month. The plants, Ilha Solteira and Jupia, have total installed capacity of 5 million kilowatts.