Browsing Tag

Eletrobras

Eletrobras Approves US$ 480 M Debenture Issue

Eduarda Amici Apr 15, 2021

Funds raised will be used to reinforce cash and to implement the Angra 3 Nuclear Plant

Eletrobras and Amazonas Energia to Pay US$ 76 M in Debt to Petrobras

Eduarda Amici Apr 13, 2021

Amount refers to seven lawsuits related to two energy generators, which will be suspended until the payments are fully settled

Power

Eletrobras Included in Official Privatizing Programs

Eduarda Amici Apr 12, 2021

The BNDES will initiate studies necessary for the company's capitalization process

Power

Eletrobras, Cepel and Siemens Energy Sign Partnership to Study Green Hydrogen

Eduarda Amici Apr 9, 2021

Research should contemplate the H2 cycle, from production to consumption, in a scalable pilot production unit

Power

Government Tries to Dismantle Eletrobras ‘Break-Up for Sale’ Idea

Fabio Couto Mar 26, 2021

Proposals for the sale of separate subsidiaries are under study in the National Congress

Power

Gov’t Names Rodrigo Limp As New Eletrobras CEO

Fabio Couto Mar 25, 2021

Executive was not chosen by Korn Ferry consultancy, hired to conduct the selection process

Power

Eletrobras’ Net Profit Down 44% in 4Q20

Roberto Rockmann Mar 23, 2021

The drop was mainly due to provisions for contingencies

Oil & Gas

Wilson Ferreira Jr. Takes Office as President of BR Distribuidora

Felipe Salgado Mar 18, 2021

New CEO is sworn in with the challenge of driving the expansion of BR in the free energy market

Power

Government Includes Eletrobras in the National Privatization Program

Chico Santos Mar 17, 2021

Measure is necessary for BNDES to start studies for issuing shares; operation depends on approval of MP 1.031

Power

Gov’t Sends Executive Order for Eletrobras Privatization To Congress

Fabio Couto Feb 24, 2021

President Jair Bolsonaro delivered the document after days of tension in the market following the change of command at Petrobras

Power

Government Might Use MP to Privatize Eletrobras

Fabio Couto Feb 9, 2021

Alternative was debated internally and is not discarded; it is estimated that the process will happen throughout 2022

Oil & Gas

Wilson Ferreira Jr. Elected President of BR Distribuidora

analuisaegues Feb 5, 2021

The inauguration of the former president of Eletrobras is expected to take place by March 19

Older Posts

From the Media

Apr 16, 2021 - Reuters

A former chief executive of Braskem S.A., Brazil's largest petrochemicals company, pleaded guilty on Thursday to conspiracy charges in connection with an alleged bribery scheme that U.S. prosecutors said involved Braskem's parent Odebrecht S.A. The defendant, Jose Carlos Grubisich, entered his plea before U.S. District Judge Raymond Dearie in Brooklyn, New York.

Apr 16, 2021 - Yahoo Finance

New Fortress Energy Inc. announced that it has signed a Memorandum of Understanding with a subsidiary of Norsk Hydro to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. "We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy," said Wes Edens, Chairman and CEO of New Fortress Energy. Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%. NFE will deliver a minimum agreed amount of natural gas to the refinery from the company’s Barcarena LNG receiving and regasification terminal located in the state of Pará.

Apr 16, 2021 - IMF Blog

Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financial conditions. The persistence of the health crisis in many countries casts a shadow on the near-term outlook. People and economies continue to require a short-term shot to exit from the COVID-19 crisis, while the aggravation of several underlying structural fragilities poses significant long-term challenges.

Apr 16, 2021 - NRDC.Org

In the past several years, the United States has greatly increased its exports of liquefied natural gas (LNG) to other countries. One major importer of U.S. LNG is Brazil, a country grappling with a president and administration that are antithetical to climate progress. As the U.S. engages with Brazil to rein in its emission from deforestation, it should not in parallel be facilitating higher emissions in Brazil’s energy sector. Often championed as a “bridge fuel” to move away from “dirtier” fossil fuels, LNG has been touted as “cleaner” because just the combustion phase has lower carbon dioxide emissions than coal or oil. However, when LNG’s entire lifecycle is taken into account, LNG is neither clean nor particularly low in emissions.