Category: Industry

Information about Brazil’s economic sectors

Integration Railway will arrive in Mato Grosso

The Court of Auditors of the Union has renewed the concession for the Vitória-Minas Railroad. With this, Vale began on the so-called Ferrovia de Integração do Centro-Oeste (Fico). In addition to the implementation of Fico, Mato Grosso is waiting for another decision by TCU, which will deal with Ferrogrão, with 933 kilometres of extension, investments of R$ 8.4 billion ($1.6 bn) are expected in the concession project.

Demand for clean energy drives projects in Brazil despite pandemic

The growing interest of companies in supplying their operations with clean energy should be the main factor guiding investments in generation in Brazil in the coming years, with the reduction of construction costs of wind and solar plants making these businesses viable even with the coronavirus pandemic. The “green energy contracts” market in Latin America’s largest country has attracted giants in the global electricity industry, such as France’s Engie and the U.S.’s AES.

Wind makes up 84% of new plant releases in Brazil

The ANEEL closed July with 119.9 MW released for commercial operation – 84% in wind farms, which reached a total of 3,123.38 MW approved this year in 12 states across the country. The survey also points out that 52 wind power plants are operating under a test regime and that wind projects correspond to 36.9% of the assets under construction in the electrical sector and 29% among the constructions not yet started.

Azul ends second quarter with $460 mm in cash

Azul concluded the second quarter with a liquidity position of R$ 2.3 billion ($460 mm), considering cash and equivalents, short-term investments and receivables, up from R$ 2.2 billion ($440 mm) in the quarter ended in March and above the R$ 2 billion ($400 mm) projection for the period.

Fintech in the coffee sector raises $10 mm

Fintech Culttivo, which offers access to credit for coffee producers, has partnered with fund manager Augme Capital to make up to R$ 50 million ($10 mm) available to the platform’s clients. The startup of the financial sector has been operating for two months and has lent R$ 5 million ($1 mm) to coffee growers in southern Minas Gerais, Cerrado Mineiro and São Paulo State.

Eletrobras plans to invest $1.2 bn until 2035

Eletrobras, a state-owned company, plans to invest R$ 6 billion ($1.2 bn) per year until 2035 in the expansion of its power generation and transmission park, according to a strategic plan announced to the market. But the amount could more than double, to R$12.6 billion ($2.5 bn) per year, if the government’s plans to capitalize and privatize the company are successful.

Companies focus on renewable energy in Brazil

In a move similar to what happened in the 1990s and 2000s involving hydroelectric plants, large energy consumers are investing in wind and solar complexes to become self-producers. The sustainable appeal of energy sources each day becomes more relevant in the companies’ strategy of being “greener”. The goal is to have their own plants to supply their demand.

Rio Alto receives 135 MW solar concession in Paraiba

The National Electrical Energy Agency (Aneel) granted Rio Alto Energia a 35-year concession for the implementation and operation of five photovoltaic plants under the regime of independent production of electricity, totalling 135 MW of installed capacity in the municipality of Coremas, in the countryside of Paraiba.

Petrobras reduces losses to $ 540 mm on in Q2

Petrobras announced a reduction in its quarterly losses in the second quarter and pointed to “signs of recovery” from the global economic crisis caused by the coronavirus pandemic. The company based in Rio de Janeiro registered a net loss of R$ 2.7 billion ($540 mm) in the April-June period, lower than the R$ 48.5 billion ($9.6bn) of the first quarter of 2020.