Chinese construction CGGC evaluates infrastructure assets in Brazil, says director

SAO PAULO (Reuters) - CGGC Chinese construction studies go into business in the infrastructure sector in Brazil, which has already opened an office, with interest in existing assets acquisition, development concessions projects, public-private partnerships or execution of works, He told Reuters a company executive in the country.

"Our focus is not only the energy sector also covers sanitation sector, logistics etc ... the CGGC is entering Brazil as an investor and construction company, we seek Brazilian partners to do business together," said the Director-General company in the country, Lucas Fan.

Chinese state, which was cited by sources as one interested in entering the control block of renewable energy Renova Energia company also wants to invest in the electricity sector in Brazil, but does not evaluate the business at this time, said the executive, the answer email questions from Reuters on the subject.

"Right now, we are studying some assets, but I can say that is not renewable energy. We are also interested in Renova, but now we are not looking."

The CGGC state was founded in China in 1970 and engaged in the design, construction and operation of projects in the areas of sanitation, hydroelectric, thermoelectric, nuclear and wind, as well as power transmission, roads, bridges and other activities.

According to information from its website, CGGC has businesses in over one hundred countries and is "one of the most competitive listed companies (China) ... with strong financing capability."

Brazil has in the areas of interest CGGC --logística and infrastructure Q: Some of its main bottlenecks for economic expansion.

One of the sectors that has attracted greater participation of Chinese in recent years is the power, in which companies like State Grid and China Three Gorges (CTG) have had strong movements with huge investments.

In recent event in Sao Paulo, the president of the Chamber of Commerce and Industry Brazil-China, Charles Tang, said that Brazil is seen by the Chinese at this time as a country that gives good returns due to lower asset prices amid crisis economic and political.

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(By Luciano Costa; Editing by Roberto Samora)