Day: July 24, 2020

Infrastructure requires $8 bn for Pró-Brasil works

The Ministry of Infrastructure’s final proposal for investments in public works through Pró-Brasil foresees a budget requirement of R$ 40.4 billion ($ 8bn) from 2020 to 2023. The resources would be invested in 153 road, rail, waterway and airport projects. To start these works this year, the IM need an extra injection of R$ 5 billion ($ 1bn). The ministry has already executed 70% of the budget guaranteed in 2020.

Eneva will propose $1.5 bn for AES Tietê

Eneva Electric informed that it will make a new proposal around R$ 7.5 billion ($1.5 bn) to incorporate AES Tietê, as long as it has the support of BNDESPar, the biggest shareholder of the generator that also has as partner the North American group AES. Eneva plans to pay the transaction with 130,498,292 new common shares and a cash portion of R$ 727.89 million ($ 145 mm).

Solatio negotiates 1.2 GWp solar complex in Janauba with Brookfield

Brookfield Energia Renovável has signed a contract with Solatio for the acquisition of the solar complex with 20 parks in the final stage of development, totalling 1,200 MWp of installed capacity. The total investment in these assets is estimated at R$3 billion ($600mm). The asset occupies an area of over 3,000 hectares in the municipality of Janaúba, northern Minas Gerais.