Petrobras signed with the São Francisco Energia, a subsidiary of Global Participações em Energia, a contract for the sale of three thermoelectric plants (UTE) powered by fuel oil, located in Camaçari (BA). The so-called Polo Camaçari TPPs were negotiated at R$ 95 million ($17.2 mm), the amount does not take into account the adjustments foreseen in the contract until the closing of the transaction. The thermoelectric plants include Arembepe, Bahia 1 and Muricy, with total installed capacity of 329 megawatts (MW).
Source: Valor International
Author: darciop
Bank credit accumulates $818 bn in first year of pandemic
The granting of credit by Brazilian banks reached a record in the first year of the coronavirus pandemic. A survey by the Brazilian Federation of Banks (Febraban) based on Central Bank data shows that the balance between March 2020 and March 2021 was R$4.5 trillion ($818 bn), an average of R$347.3 billion ($63 bn) per month.
Source: G1 Economia
Brazil’s iron ore exports rise 7.5%
Brazil’s iron ore exports totalled 25.8 million tonnes in April, up 7.5% from a year earlier, while the commodity’s prices also rose sharply on firm demand from China, government data showed. Foreign sales of iron ore totalled $3.3 bn in April, compared to $1.6 bin a year earlier.
Source: Money Times
Brazil has 13 GW in solar plants licensed until January
There are more than 13 GW in solar plants granted in Brazil until January this year, with 63% already having signed energy purchase and sale contracts. The survey points out that 50% of these ventures did not participate in the 2019 auctions, demonstrating the interest of developers in the free contracting environment. In contrast, of the 4.6 GW of plants that are destined for the regulated market, 34% have not entered into operation.
Source: Energia Hoje
Lack of towers affects telecoms operators
Even amid the pandemic, the telecommunications industry invested R$31.1 billion ($5.6 bn) in Brazil last year and is expected to maintain this level in 2021. The largest chunk has been used to improve Internet speed, what also depends on legislation by municipalities allowing the installation of towers, according to Conexis Brasil Digital, an organisation representing telecom operators. “Without towers there is no signal”.
Source: Valor International
Mother’s Day will move $2.2 bn in Brazil, estimates CNC
Mother’s Day should move R$ 12.2 billion ($2.2 bn) throughout the country, according to an estimate by CNC (National Confederation of Trade of Goods, Services and Tourism). The value corresponds to an increase of 47% compared to the result of 2020 (R$ 8.26 billion($1.4 bn)).
Source: R7 Economia
BNDES suspends loan collection for small business
The National Bank of Economic and Social Development (BNDES) confirmed on Thursday, 29, that will reissue the suspension of debt collection from small and micro enterprises. The measure affects companies with annual turnover of up to R$ 4.8 million ($870k). BNDES estimates that about 100 thousand companies may benefit. With the suspension for six months, R$ 2.9 billion ($527 mm) will no longer be collected, according to the bank’s calculations.
Certified organic market moves about $18bn in the country
The Brazilian population’s interest in organic food is on the rise, according to Euromonitor International. The Brazilian certified organic market moved approximately R$ 100 billion ($18 bn)in the country in 2020. The highest figure for this category of food since 2006, in relation to 2019 the advance was 3.5%.
Source: Money Times
Petrobras sells stake in NTS for $328 mm
Petrobras approved the sale for R$ 1.8 billion ($328 mm) of its remaining 10% stake in Nova Transportadora do Sudeste S.A. to Nova Infraestrutura Gasodutos Participações, a company formed by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia, an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda., and by Itaúsa S.A., the current controlling shareholders of NTS.
Source: Canal Energia
Brazil struggles to sell high-tech products
Exports of high technology products totalled $1.35 bn in the first quarter and had the second worst result for the period since official records began, in 2010, according to analysis by the National Confederation of Industry (CNI). The value is only better than that seen in the first quarter of 2020, when world demand was already weakened by the effects of the pandemic.
Source: Valor International
