FESC follows the creation in June of the FEN fund that could lead to R$13bn in investments to build 5.4GW of new power plants – including wind – to supply large industries in the country's northeastern region and avoid layoffs, supplementing a bill that subsidised power through 2015.
FESC was created by Congress as it approved the bill that created FEN to also allow large industries to access cheap power through non-regulated contracts with new power generation projects.
FEN
