Neoenergia plans to invest €5bn in Brazil until 2022

Neoenergia, power utility controlled by Spanish group Iberdrola, plans to invest €5 billion in Brazil between 2018 and 2022. Iberdrola CEO Ignacio Galán, chairman of the Brazilian company, says such investment includes new projects, mainly of power generation and transmission, and may increase in case the company makes some acquisition in the country.