BRASILIA (Reuters) - Centrais Eletricas Brasileiras SA and Petróleo Brasileiro SA are close to agreeing on a deal to solve a dispute involving 20 billion reais ($5.75 billion) worth of Eletrobras debt, newspaper Valor Econômico said on Friday.
Eletrobras, as the state-controlled power company is known, owes state oil firm Petrobras for fuel supplies used in thermal generation in northern Brazil.
The dispute has been a hurdle for Eletrobras' privatisation, a landmark proposal of President Michel Temer's administration.
The details of the agreement could be unveiled as soon as Friday following an Eletrobras board meeting, Valor said, citing a source with knowledge of the matter.
Representatives for Petrobras and Eletrobras were not immediately available to comment.
Also Read
($1 = 3.48 reais)
(Reporting by Bruno Federowski; Editing by Steve Orlofsky)
Disclaimer: No Business Standard Journalist was involved in creation of this content
