Browsing Tag

Eletrobras

Nordex Acciona Closes US$ 125 M Contract with Furnas

Lívia Neves May 14, 2018

Company will deliver wind turbines totaling 123 MW for farms in the Fortim complex in Ceará

Renobrax Seeks Partner To Compete for Eletrobras SPEs

Lívia Neves May 7, 2018

The company wants to retake control of wind farms in southern Brazil originally developed by Renobrax itself, which also holds the rights of expansion

Power

“Eletrobras Is Broke,” says Chamber Rapporteur

matheusgagliano May 4, 2018

Government reinforces the idea that the sale of the big state company could lower energy tariffs over the medium term

Power

Eletrobras Seeks Settlement In American Courts

marcosardenberg May 3, 2018

The Company has signed a memorandum of understanding and could pay as much as US$ 14.75 million

Power

Temer Signs Decree Enabling Eletrobras Privatization

marcosardenberg Apr 20, 2018

Studies will not start, however, until after the bill is approved by the Congress

Oil & Gas

Eletrobras Distributor Sell-Off Will Be Delayed

matheusgagliano Apr 18, 2018

The TCU will take a month to analyze the announcement of the sale of the companies

Power

Eletrobras Will Only Be Privatized With Congressional Endorsement

marcosardenberg Apr 18, 2018

Government secretary: A decree or "other device" will be used to continue studies into the sale

Power

Eletrobras Distributors To Be Auctioned On May 21

marcosardenberg Apr 10, 2018

The tenders will be published this week, according to the company's CEO

Power

Eletrobras To Import Energy From Argentina

marcosardenberg Apr 4, 2018

The transaction should not affect grid security, says the MME

Power

Eletrobras Seeks Savings Of Up To US$ 268 Million Through Layoffs

Lívia Neves Mar 27, 2018

Eletrobras announced a new Voluntary Retirement Plan (staff buyouts) on this week in accordance with new labor legislation. The plan is being implemented simultaneously by Cepel, CGTEE, Chesf, Eletronuclear, Eletronorte, Eletronorte,…

Power

Sale of Eletrobras Distribution Companies May Be Delayed

marcosardenberg Mar 9, 2018

Power

Which Eletrobras Wind Complexes Are For Sale?

Lívia Neves Mar 6, 2018

Eletrobras announced that it will hold in June the auction for the sale of ownership in 21 SPEs of wind power, through which it controls 61 parks, which add up to a capacity of 1.6 GW of capacity, all in operation. The companies involve…

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From the Media

May 21, 2018 - Money Control

Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of US$ 4 billion in energy projects in Brazil by 2022. Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power's idea is to grow rapidly in the country and establish its headquarters in Sao Paulo as a base for future expansion. "We are already committed to US$ 1 billion (in projects), and we are open to expanding this three or four times over the next three or four years," Sterlite Group CEO Pratik Agarwal said in a statement.

May 21, 2018 - Valor Economico

Petrobras may raise its capital expenditure program depending on the results of Brazil’s next round of offshore oil auctions in June, Chief Executive Pedro Parente said in an interview. Depending on the auction results, Petrobras could need to boost its exploration budget for the coming years, he said. Rising oil prices could also lead to a boost in capex, he said. Still, the Petrobras CEO said any investment boost would be at the margins, without any “structural change in investment levels.” Parente also said the company expects to announce a new debt reduction target for 2019 by the beginning of August, while a revised business plan will be released by the end of the year.

May 21, 2018 - Zacks Equity Research

Petrobras breaks 6-month cold streak in Brazil output, recently announcing its overall equivalent production of 2.68 million barrels of oil equivalent per day (MMBoed), for the month of April. The Brazilian state-run company's domestic production during this period was 2.59 MMBoed, while international production totaled 95,000 barrels of oil equivalent per day. Notably, the company's crude oil production for April surged 1.1% on a monthly basis, ending a six-month long cold streak. The rise can be attributed to the completion of maintenance work on the Cidade de Angra dos Reis (FPSO) unit, currently located in the Lula Field. Moreover, production commencement in the Búzios Field through FPSO P-74 added to the output rise.

May 21, 2018 - T&D World

After a few years of establishing a regulatory framework, distributed generation (DG) in Brazil has grown rapidly, with predominance in photovoltaic (PV) sources, which has created various technical and economic challenges. DG is growing annually in Brazil, driven by regulatory changes and a significant reduction of technology and deployment costs, mainly in PV equipment. PV accounts for almost 99% of DG registrations, with about 75 MW of capacity. Most of the installations — totaling 7,930 — are on residential properties, with 1,508 commercial installations and 210 industrial installations. National projections estimate PV DG in Brazil has the potential for 1.2 million consumer units producing their own energy by 2024.