Brazil's Eletrobras to invest $26.8 billion through 2018

Reuters

SAO PAULO, March 28 (Reuters) - Brazilian state-controlled electric utility Centrais Eletricas Brasileiras SA plans to invest 60.8 billion reais ($26.8 billion) through 2018 as it works to expand its generation and transmission capacity, according to a securities filing on Friday.

The company, known as Eletrobras, also said it plans to wrap up the restructuring of its troubled distribution assets in July.

($1 = 2.27 Brazilian reais) (Reporting by Asher Levine; Editing by Lisa Von Ahn)

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