EDP Energias de Portugal SA (EDP.LB) and Brazil's state-run oil firm Petroleo Brasileiros SA (PBR) have reached an agreement on energy generation, business daily Diario Economico reports Friday, citing Miguel Setas, director of EDP's Brazil unit Energias do Brasil.
According to the paper, the agreement includes the joint development of projects in wind power, natural gas, hydro and biomass.