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Brazilian utility to sell assets

Brazilian utility Eletrobras intends to sell off the generation and transmission assets of subsidiary Electronorte before it is privatised. Eletrobras plans to create six new companies to own the generation and transmission assets of Electronorte. One of them, Tucurui Geracao, will own the Tucurui hydro project. Another, Empresa Transmissora do Norte, will own power transmission assets.