This year, private bids made possible 765 MW, more than the 402 MW of the last A-4 government auction in 2019. The volume of business since Cemig’s first trading session in 2018 adds up to 3.3 GW, in the same order of magnitude as the annual volumes of government auctions in 2018 and 2019.
National industrial production grew for the third consecutive month, up 8% in July compared to the previous month, after expanding in May (8.7%) and June (9.7%). For the first time in the historical series started in 2002, 25 out of 26 sectors showed a positive rate. The result, however, does not eliminate the 27% loss accumulated in March and April, when it reflected the effects of the Covid-19 pandemic.
The Ministries of Agriculture, Economy and Science, Technology and Innovation (MCTI) launch the Agro 4.0 programme. According to a statement, R$ 4.8 million ($905k) will be invested in 14 pilot projects. The objective of the program is to promote, through these technologies, an increase in efficiency and productivity, and a reduction in costs in Brazilian agribusiness.
The approval of the new milestone in the natural gas sector by the Chamber of Deputies was considered an excellent step by the president of Shell in Brazil, André Araújo. According to the executive, Brazil needs gas-fired power plants to meet energy demand in an increasingly renewable energy matrix. There is a need for further improvements in energy auctions in the vision of the president of Shell.