SAO PAULO, March 28 (Reuters) - The chairman of Brazil's

investment bank BTG Pactual, billionaire Andre

Esteves, is expected to join the board of power generator Eneva

, according to a proposal released on Friday for

Eneva's shareholders' meeting.

Under the proposal, Eneva's board of directors, composed of

seven members, would see two new members as two others exit.

Rodrigo Santos Coutinho Alves, who is also a partner at BTG

Pactual, was nominated in addition to Esteves.

The arrival of two new members from BTG, Eneva's largest

shareholder, reinforces the bank's bet on the power generator.

Eneva is currently one of the largest gas-fired

thermoelectric generators in Brazil and has been increasingly

competing for space in the sector with other major generators,

such as Petrobras and Ambar, from the J&F group.

Last year, the parties announced an operation that involved

Eneva's incorporation of thermoelectric plants that belonged to

BTG, as well as a billion dollar follow-on share offering by the

generator, almost entirely subscribed by the bank, which

increased its stake in Eneva's capital.

Eneva also proposed the re-election of five current members

of its board. The shareholders' meeting is set for April 30.