Brazilian ferroalloys producer Ferbasa signs 20-year energy contract

Wednesday, 13 January 2021 20:07:48 (GMT+3)   |   Sao Paulo

Brazilian ferroalloys producer Ferbasa said it has signed a memorandum of understanding (MoU) with AES Tiete Energia to purchase electricity for a 20-year period.

Ferbasa said both companies are now negotiating a power purchase agreement (PPA), and Ferbasa would start getting electricity from AES by 2024. The company said the deal would allow it to reduce costs.

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