Agricultural Front to debate new Brazilian Agribusiness Law

The Parliamentary Front of Agriculture will promote, on Thursday, a new debate on the Law of Agriculture focused on the issue of Rural Credit Notes and Equalisation of Interest. The issue and electronic transactions of Agro securities have already been discussed; the changes to the Rural Product Certificate (CPR); and agribusiness bonds. In February, the House of Representatives approved a provisional measure (MP 897/19), which gave rise to the Agro Law.

Source: Noticias Agricolas

BNDES estimates $3.8 bn of investment in sanitation sector auctions

BNDES is planning to hold 3 privatisation auctions in the sanitation sector by the end of the year: The water and sewage concessions in Alagoas and Rio de Janeiro, and the PPP (public-private partnership) in the city of Cariacica (ES). The estimate is R$36 billions ($6.8 bn) of investment throughout the concession in the areas that will be granted to the private initiative.

Source: G1

Angra 2 beats energy record by reaching an accumulated production of 200 million MWh

The Nuclear Power Plant Angra 2 has touched a historic milestone. The unit that entered into commercial operation in 2001 reached an accumulated production of 200 million MWh, on the 19th of June. The plant generated energy for 13 months continuously. The capacity factor – energy generated by the unit compared to its capacity – was 99.43% during this period.

Source: Agencia Brasil

Central Bank reports obtained loans reach $55 mm in May

The Central Bank of Brazil reported that companies and families obtained loans of R$289 billion ($55 mm) from banks in May. There was a reduction of 3.3% in relation to April. In the accumulated result for the year, total concessions grew by 7.6% compared to the period in 2019, reflecting the increase in corporations (17.7%) and the decrease in individuals (0.9%).

Source: Agencia Brasil