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Eletrobras to set minimum prices for sale of stakes in power projects

SAO PAULO, March 27 (Reuters) - Centrais Elétricas Brasileiras SA, Brazil's largest power company, in two weeks will release terms, including minimum prices, for the sale of its stakes in power generation and power transmission projects in the country, its chief executive said on Tuesday.

The company on June 7 will auction off stakes in 70 projects as part of a divestment plan to raise cash and cut debt, Chief Executive Wilson Ferreira Jr. said. (Reporting by Marcelo Teixeira; editing by Jonathan Oatis)