Browsing Tag

Eletrobras

Eletrobras Evaluates Judicial Rulings That Suspend Auctions

matheusgagliano Dec 14, 2018

Rulings suspend effects of the - already held - Amazonas Energia auction and the Ceal event, scheduled for December 19

After Sale, Amazonas Energia Service Quality Should Improve

marcosardenberg Dec 12, 2018

In the next five years of the concession, the winning consortium will have to put in about US$ 832 M into the distributor

Power

Eletrobras Pays About US$ 290 M to BR Distribuidora

matheusgagliano Dec 11, 2018

Amount paid so far is part of the agreement signed with the Petrobras subsidiary on the sale of fuel for thermals

Power

Amazonas Energia Will Gain Three New Investors

Antonio Carlos Sil Dec 11, 2018

Total investments in the company will be close to US$ 820 M in the first five years of the concession

Power

Amazonas Energia Auction Heats Up

marcosardenberg Dec 7, 2018

MP 855 and settlement of a new agreement between Eletrobras and Petrobras are measures that favor the sale of the distributor

Power

Agreement with Petrobras Calls For Assumption Of US$ 800 M in Eletrobras Debt

matheusgagliano Dec 5, 2018

The measure is in the new debt negotiation agreement involving the two companies and Cigás

Power

Government Reveals Guidelines for Liquidation of State Companies

matheusgagliano Dec 3, 2018

The documents are indirectly linked to Amazonas Energia and Ceal, distributors not yet sold by the government

Power

Amazonas Energia Auction Postponed to Dec. 10

Gisele de Oliveira Nov 26, 2018

Initially, the privatization of the Eletrobras distributor had been scheduled for Nov. 27

Power

Court Decision Creates Legal Uncertainties For Eletrobras Sale Of Distributors

matheusgagliano Nov 22, 2018

Attorneys say the reasoning could create a dangerous precedent for new privatizations

Power

Federal Companies Forbidden To Attend Auction

marcosardenberg Nov 16, 2018

Chesf, Furnas, Eletronorte and Copel GT were penalized for delays in the execution of transmission works

Power

Federal Companies Hold Largest Generator Position

Antonio Carlos Sil Nov 14, 2018

Norte Energia, controller of Belo Monte, appears for the first time in Aneel’s ranking

Power

Eletrobras Expects to Recover US$ 766 M From Distributors

marcosardenberg Nov 14, 2018

The company had losses of R$ 1.6 billion (US$ 421 M) in the third quarter, impacted by the distribution segment

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From the Media

Dec 14, 2018 - Reuters

Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world’s largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe. Federal prosecutors allege the European multinationals and some smaller players collectively paid at least US$ 31 million in bribes over a six-year period to employees at Brazil’s state-led oil company Petrobras to sell them oil at sweetheart prices. They said the firms’ top brass had “total and unequivocal” knowledge that they were fleecing Petrobras and that the illicit activity may still be ongoing.

Dec 14, 2018 - Renewables Now

Brazil's power sector regulator Aneel approved on Tuesday the final two green projects with a combined capacity of 49 MW from the A-6 energy auction held on August 31, 2018. The approved schemes include the 29-MW Bela Vista small hydropower plant (SHP) and the 20-MW Rio Vermelho 3 biomass facility. Bela Vista is owned by a consortium formed by Copel Geracao e Transmissao SA, a subsidiary of Brazilian power utility Copel (BVMF:CPLE6), and local energy firm Foz do Chopim Energetica Ltda. The biomass project was secured by Glencane Bioenergia SA.

Dec 14, 2018 - Energyworld

France's EDF faces delay in Brazil hydroelectric dam over clearing trees. A consortium led by Electricite de France SA is ready to fill the reservoir of a hydroelectric dam built in Brazil's soy belt, but could be delayed by a year over removal of trees from the area to be flooded, the company and state officials said. Prosecutors are asking Mato Grosso's state environmental agency to deny the 402 megawatt HPP Sinop dam an operating license until all the vegetation is cleared, which could add US$ 103 million) to its R$ 2.9 billion price tag. If the trees are not removed, environmentalists say, the wood will rot in the water and create methane gas emissions that will contribute to global warming and pollute downstream waters.

Dec 14, 2018 - Dialogo Chino

Mired in a profound and lengthy economic crisis, the state of Rio Grande do Sul, which holds 90% of Brazil’s coal reserves, has opted to expand mining and create a coal gasification center. The initiative would enable the government, billions of dollars in debt, to create thousands of jobs but also risks locking-in into high-carbon energy infrastructure. As the state set out to find foreign investors for the project, it found China. “We know that China as a whole has been investing in the area of energy,” says Susana Kakuta, Rio Grande do Sul state secretary of mines and energy. “China uses technologies that are already well-established worldwide, so it is a big win-win, for them and for Brazil, especially for Rio Grande do Sul, in a new opportunity for coal from our state.”