SAO PAULO, BRAZIL - Spanish power company Iberdrola, which operates in Brazil through its subsidiary Neoenergia NEOE3.SA, plans to invest $7.31 billion in Brazil through 2022, and is looking for opportunities to go beyond that, according to what Chief Executive Officer Ignacio Galán told Reuters.

The company will participate in the next round of licensing for new power transmission projects in Brazil, scheduled by the government for December.

The company is also looking at potential expansion opportunities in the Brazilian power sector and opportunities for possible acquisitions, Galán said.

"If opportunities arise on privatization of power distribution or power generation companies, we will evaluate," Galán said. "We're interested, no doubt."

Source: Reuters