New government target for fibre optics in 99% of Brazilian cities

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

Aneel estimates impact of $245 mm with reduction in flow of Belo Monte

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

Arab League trade generates surplus of $6.1 bn in 2020

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