Central Bank loses $13.6bn in foreign exchange transactions

The Central Bank closed the second half of 2020 with a loss of R$ 70.826 billion ($13.6 bn) in its foreign exchange operations. This amount will be covered by the so-called “foreign exchange income reserve”, created in 2019. This dynamic is part of the new relationship established between the Central Bank and the National Treasury, through Law 13.820.

Source: UOL

Copel applied $98mn in generation and transmission in 2020

Copel has allocated R$ 511 million ($98 mm) to its power generation and transmission segment throughout 2020. According to the company, the resources were invested in the construction of new power plants, transmission lines and power substations. In addition, the company invested in expansions, reinforcements and modernisation of existing facilities.

Source: Canal Energia