Government Wants Foreign Companies to Build Public Infrastructure Works
The Jair Bolsonaro administration wants to allow foreign companies to bid for infrastructure projects and become government suppliers without the need for a Brazilian subsidiary. It will likely introduce a new measure soon. The Ministry of Economy thinks the measure will ease the participation of international groups in infrastructure works – such as on highways, […]
China’s Outbound M&A In Brazil To Pick Up
Despite some anti-China remarks made by Brazilian President Jair Messias Bolsonaro during the campaign, Chinese outbound investment in the South American country is expected to pick up this year, including in sectors where Chinese investors have little or no presence.
New minister will likely seek to open power sector and cut subsidies
Transition team is preparing a set of proposals for Admiral Bento Albuquerque that may end incentives for renewable sources.
Brazil Energy Ministry Gets an Admiral to Tackle Privatizations
Brazil’s energy and mines ministry will be led by a former submarine commander who is currently in charge of the navy’s nuclear division.
New Infrastructure minister wants to accelerate privatizations
Tarcísio Freitas promises to continue handing airports over to private sector and says government will prioritize carrying out stalled projects
Brazil’s energy reform at stake in election showdown
Brazil’s impending presidential election run-off offers the country’s energy industry two very clear alternatives. The poll on Sunday pits a candidate committed to further rolling back the state’s involvement against an opponent who advocates undoing much of the cautious progress of the current administration, towards a less state-dominated industry.
Eletrobras offering stakes in generation, transmission assets
The tight deadline and low rates of return may limit the number of investor interested in Eletrobras’s 71 stakes in generation and transmission assets offered for sale. The slices in the special purpose companies (SPEs) amount to at least R$3.1 billion, and will be auctioned on Thursday on B3. The mostly minority stakes will be […]
Cemig plans to hold auction of wind and solar projects
Cemig, the state-owned power utility of Minas Gerais, announced plans to hold auctions of new wind and solar projects in October. The company wants to rebuild its portfolio to meet demand from unregulated contracts after losing the concession of hydroelectric dams São Simão, Jaguara, Miranda and Volta Grande last year, which totaled about 1,972.5 average […]