July 10, 2018 / 5:34 PM / a year ago

Petrobras, Total could form JV, bid on power projects: Petrobras executive

FILE PHOTO: The logo of state-run oil company Petrobras is pictured in the company headquarters in Vitoria, Espirito Santo, Brazil, February 10, 2017. REUTERS/Paulo Whitaker/File Photo

RIO DE JANEIRO (Reuters) - An executive at Brazil’s Petroleo Brasileiro SA said the state-run oil company could form a company with France’s Total to explore renewable energy business options, adding that the companies could jointly bid on power generation projects.

Petrobras Strategic Director Nelson Silva made the comments after Petrobras (PETR4.SA) and Total (TOTF.PA) announced a non-binding agreement to assess potential businesses in onshore solar and wind power in Brazil.

Reporting by Luciano Costa, Alexandra Alper; editing by Grant McCool

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