The new legal framework for railways is to be voted on by the Senate next week, with the promise of organising the sector’s framework and allowing new formats for attracting private investments. The project was born from the idea of introducing the authorisation regime in the railway market. In it, it is the investor who takes his interest in building and operating a new line to the government, at his own risk and therefore with more freedom.
Month: November 2020
BNDES to allocate $17 bn to small and medium-sized enterprises
The president of BNDES said that by the end of November, R$92 billion ($17 bn) would be designated for small and medium-sized companies under an emergency credit access programme (the FGI PEAC). According to Montezano, the development bank has favoured smaller companies over large ones which has generated criticism.
Source: G1
Sales on Black Friday total $755 mm in Brazil
In a year marked by the pandemic, online sales hit record highs on Black Friday. E-commerce revenues totalled R$4.02 billion ($755 mm) which is a 25.1% increase over the same period last year, according to a Ebit/Nielsen survey. More than six million orders were generated, an increase of 15.5%.
Brazil Steel Institute estimates domestic sales to rise by 5.3% in 2021
The president of the Brazil Steel Institute estimates that domestic sales of this input will rise by 5.3% in 2021. According to the institute, Brazilian crude steel production is expected to close by 30.746 million tonnes by 2020, a 5.6% drop compared to last year. Domestic sales are expected to grow by 0.5% to 18,885 million tons this year.
Source: Valor Investe
Brazil’s foreign trade shrinks by $14 bn
Brazil’s foreign trade contracted by $14 bn in the third quarter compared to the level before the covid-19 pandemic in the fourth quarter of 2019, show data from the Organisation for Economic Cooperation and Development (OECD). Brazilian exports declined by $3.8 bn between July and September compared to before the pandemic. Imports contracted much more, by $10.2 bn.
Source: Valor Investe
Project enables purchase of solar or wind energy equipment for low-income families
The creation of low-interest credit lines for low-income families to purchase photovoltaic and wind energy equipment is the objective of the Law Project (PL) 5,239/2020, The justification is that families with lower purchasing power feel the economic crisis much more strongly and in this population range, the electricity bill has significant weight on the family budget.
Source: Money Times
SPIC wants to build new hydroelectric plants in Brazil
Adriana Waltrick, president of SPIC Brazil, said that the Brazilian subsidiary of China’s State Power Investment Corporation maintains among its priorities for growth in the country investments in new hydroelectric plants, without prejudice to the possibility of investing in existing plants, alone or in partnerships.
Source: Energia hoje
Cost for Braskem of Alagoas geological problem rises to $2.2 bn
Petrochemical Braskem saw the cost for closing its rock-salt operation in Alagoas rise again, which authorities blame for causing land subsidence in the capital city Maceió. In addition to the R$8.5 billion ($1.5 bn) it had already set aside for the case, it now expects to spend another R$3 billion ($555 mm) to close the mine, for a total of R$11.5 billion ($2.2 bn).
Source: Valor Internacional
Facebook announces selected startups for acceleration program
Facebook and the accelerator Baita, based at Unicamp, announce the ten startups that will be developed through their Campo Digital program. The project seeks digital solutions for Brazilian agribusiness focused on small and medium producers. It is the first Facebook program to accelerate startups with solutions for agriculture in Latin America.
Source: 6 Minutos UOL
Biomass generation drops 6.8% in October
In the driest October of the last 90 years, bioelectricity generation helped to alleviate the impact of the water crisis on hydroelectric reservoirs, reaching more than 3,000 GWh at the SIN, although there was a 6.8% drop in production compared to October 2019, but reaching more than twice as much as coal generation and 60% of the total generation by gas thermal plants in the month.
Source: Canal Energia
