Eletrobras, a Brazil's state-run power company, plans to invest 6 billion reais ($1.1 billion) each year until 2035 to update its generation and transmission capacity, the company said in its long-term development plan.
The company also said if it can complete the privatization successfully, the investment could double, to 12.6 billion reais per year.
The privatization of Eletrobras is the top agenda for government, but it requires congressional approval, facing great political pressure, Brazil's energy minister said last week.
(Writing by Rebecca Liu Editing by Tammy Yang)
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