The BNDES board of directors approved a R$1 billion ($190 mm) credit programme for biofuel producers to stimulate emission reductions in the segment. By participating in the programme, called BNDES RenovaBio, biofuel producers may have their interest rates cut if they meet CO2 emission reduction targets set by the bank.
Source: G1 Economia
The President signed the decree establishing the new General Plan of Universalisation Goals (PGMU 5) for the telecommunications sector, valid for the period 2021 to 2025. The novelty of the new plan is the obligation for concessionaires to invest in the deployment of fibre optic networks, the so-called backhaul, in 1,500 Brazilian municipalities. If the new target is met, it is estimated that fibre-optic internet coverage will reach about 5,500 cities, equivalent to 99% of Brazilian municipalities by 2024.
Source: Money Times
In a letter sent to the Brazilian Institute of Environment and Renewable Natural Resources, the National Electrical Energy Agency states that the change in the flow of the Belo Monte dam will have an impact of around R$1.3 billion ($245 mm) for consumers in January and February 2021. The cost increase, according to Aneel, is a consequence of activating more thermoelectric generation to compensate for the plant’s decrease in production.
Source: Canal Energia
Trade between Brazil and the Arab League generated $6.11 billion in surplus for the Brazilian side in 2020. The result corresponds to 12.2% of Brazil’s record total surplus of $50 billion over the year. It also represents an increase of 16.2% over the positive balance of the 2019 Brazil-Arab League balance, according to data from the Arab-Brazilian Chamber of Commerce. Export performance also keeps the Arab League among Brazil’s three largest trade partnerships abroad, behind China and the United States.
Source: Portal do Agronegocio
Randon purchased, for R$ 21.5 million ($4 mm), CNSC Indústria Metalúrgica, located in Caxias do Sul (RS), as shown in the document sent to the market. According to the company, the purpose of the acquisition is to expand production capacity in machining services, increase revenues and strengthen the company in new markets, such as the agricultural sector.
Source: Money Times