Gluski ‘modestly optimistic’ about AES Brazilian business

The CEO of AES says he is 'modestly optimistic' about the company’s Brazil business as the country recovers from recession.
By Staff reporter 9 May 2017 0 25828

Andrés Gluski, the chief executive of Virginia-based power giant AES Corp., has said he is “modestly optimistic” about the company’s Brazil business as the country recovers from recession.

“Last quarter we saw the decline flatten out and this year there may be a slight pick-up in [electricity] demand, maybe 1%,” Gluski was quoted as saying by Business News Americas.

“We are overall modestly optimistic,” he said. “The President [Michel Temer] is taking on a number of important reforms that, if they go through [Congress], will...

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