Chinese electricity generation company State Power Investment (SPIC) is in talks to buy French peer Engie’s Pampa Sul coal power plant in the southern Brazilian state of Rio Grande do Sul.
The two parties are negotiating a sale in the range of 800 million to 1 billion reais ($192 million to $241 million).
The plant is still under construction and will have a capacity of 340 megawatts.
Engie has long been reducing exposure to coal and other conventional fossil fuel assets and moving to renewables.