Chief executive João Bosco de Almeida sees the company's stringent financial situation as a deterrent to developing big new hydro projects such as the under-construction R$30bn ($15.2bn) Belo Monte dam, in which Chesf has a 15% stake.
The 90MW Sento Sé wind complex in Bahia was brought on line in early March, and he is calling for this to be a landmark in the state-owned utility's diversification strategy.
Chesf
