Brazil's government, through its Investment Partnerships Program (PPI), gave the green light on Tuesday for the privatization of Latin America's largest utility Eletrobras by floating shares to dilute the state's 61% shareholding.

Oct 20, 2021 - Bloomberg

Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-km pipeline will be built, according to Peter Ramsaroop, chief executive officer of GoInvest, a Guyana government agency that encourages foreign direct investment. Financing the project is still being worked out, he said. “The start date of laying the pipe is now being finalized, but the decision has already been made,” Ramsaroop said in an interview. “Guyana must have the gas and hydropower to be able to bring a competitive economy to the point where we can depend on our own energy to deliver our goods and services.”

Oct 20, 2021 - Brytfmonline

EDP - Energias de Portugal has announced the sale of a three-piece portfolio in Brazil with Actis Assessoria Investimentos for R$1,329 million, currently equivalent to about €210 million, according to the statement sent to the CVM (Securities Market Authority). The sale is made through EDP Brasil, which is 52.64% owned by EDP Portugal, and relates to a land area of approximately 439 square kilometers with annual revenue of R$131 million (€20.21 million). The Company also informs that execution of this transaction is pending applicable regulatory approvals.

Oct 20, 2021 - Folha de S. Paulo - English service

Signs of a slowdown in the Chinese economy in the third quarter is bad news for countries dependent on commodities such as Brazil. Although, given the size of China, global growth should be affected as a whole, the Brazilian economy will be one of the hardest hit, with the consolidation of a scenario of weaker performance in the Asian country in the coming years.

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