Brazil's Copel to invest $700 mln to modernize power grids by 2025 - filing

Brazil's state-run power firm Copel will invest 2.9 billion reais ($700.03 million) to modernize its distribution network by 2025, the company said in a securities filing later on Wednesday. Copel added its modernization projects include building approximately 25,000 kilometers (15534.28 miles) of new power grids and also investments in smart grids and automation in Southern-state of Parana.