The National Electrical Energy Agency (Aneel) closed the first half of the year with a total of 3,003.41 MW of capacity released for commercial operation of power plants in 12 states in the country. In June alone, 141.47 MW went into operation, almost three times more than that scheduled for the month. According to Aneel, the highlights of the year have been solar and wind power plants – each with 18% of the total aggregate to the system.
Brazilian industrial production increased by 7% from April to May this year, according to IBGE. The rise, which is the highest since June 2018 (12.9%), came after two successive declines due to the coronavirus in March (-9.2%) and April (-18.8%). Industrial production accumulated falls of 8% in the quarterly, 11.2% for the year and 5.4% for the 12-month period.
The reopening of some segments of trade since the last 10 days is already reflecting positively on sales in the sector. According to the São Paulo Trade Association (ACSP), there are signs of slight growth in sales. Cash retail sales in São Paulo rose by 47.3% in June compared to May, while the long-term sales grew 23%, according to ACSP. As a result, the average rate of general sales was up 35.2%.
Brazil’s oil production in May totalled 2.765 million barrels per day, up 1.3 % on an annual comparison, but down 6.5 % from April due to the impact of the coronavirus on the sector, the ANP said. The agency noted that 34 oil and gas fields were temporarily shut down during May due to the effects of Covid-19, 16 of which were maritime and 18 terrestrials.
Private banks will have 70% of the so-called “Conta-Covid”, a financing package of up to R$16.4 billion ($3.1 bn) made possible with government support to help the energy distributors’ cash during the pandemic. The National Bank for Economic and Social Development (BNDES) and public banks will enter with about R$5 billion ($944 mm) in the operation, which ended up with costs higher than expected by the sector.