Analysis - Brazil scrambles to avoid power rationing as costs soar


  • World
  • Tuesday, 25 Mar 2014

RIO DE JANEIRO (Reuters) - Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its hydroelectric dams.

A decade of growth has diversified the electricity system away from hydropower, but policymakers, industrial companies and investors in the world's seventh-largest economy may find little cause to relax.

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