ANP: Bioediesel Auction negotiated 1.18 bi litres with 25% lower price

The 77th ANP biodiesel auction registered the negotiation of around 1.18 billion litres, with an average negotiation price of R$4.425 ($0.88) per litre. The agency said in a statement that the entire volume negotiated was for voluntary blending of diesel and that the final value of the trading session represented an average discount of 25.15%, compared to the average of the maximum regional reference prices R$5.912 per litre ($1.18).

Source: Money Times

Brics Bank expects to lend up to $2 bn to Brazil in 2021

The New Development Bank (NDB) is expected to lend up to $2 billion to Brazil in 2021 to finance mainly infrastructure projects. The bank’s focus in the country is on sanitation, a regulatory framework that was approved this year. Another area of interest for the bank in Brazil is the support of social impact projects, such as financing schools and hospitals.

Source: Reuters

Renova’s judicial recovery plan approved, debt reaches $500 mm

Renova had its judicial recovery plan approved by the 2nd São Paulo Bankruptcy and Judicial Recovery Court, Cemig, a shareholder of the generator, said in a relevant fact. The approval involves the Alto Sertão III wind farm and Renova itself. The company filed for judicial recovery in October 2019 after registering debts of more than R$2.5 billion ($500 mm).

Source: Energia Hoje

CAF lends $350 mm to Brazil for fiscal actions in the pandemic

The CAF (Latin American Development Bank) today announced the signing of a $350 mm (R$1.8 billion) loan from Brazil for fiscal actions in response to the Covid-19 crisis. The financing will complement the fiscal initiatives already underway in the country and will reinforce counter-cyclical economic measures aimed at reducing the effects of the coronavirus pandemic in Brazil.

Source: UOL Economia