Companhia Energetica De Minas Gerais. (Panorama: Brazil).COMPANHIA ENERGETICA DE MINAS GERAIS Minas Gerais (mē`nəs zhərīs`) [Port.,=various mines], state (1996 pop. 16,660,691), 226,707 sq mi (587,171 sq km), E Brazil. The capital is Belo Horizonte. Minas Gerais continues to produce more than half of Brazil's mineral wealth. , Brazil's largest power distributor and generator, failed in its effort to auction 300 megawatts of electricity. There were no bidders on the two- and four-year contracts, which started at about US$24 per megawatt meg·a·watt n. Abbr. MW One million watts. meg  a·watt hour. The auction came at a time when power demand in Brazil has fallen 13% following last year's rationing rationing, allotment of scarce supplies, usually by governmental decree, to provide equitable distribution. It may be employed also to conserve economic resources and to reinforce price and production controls. .
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