2020-05-28 11:15:00
BRAZIL'S SUPPORT TO POWER SECTOR $2.9 BLN
ENERDATA - 28 May 2020 - The Brazilian government has approved a BRL15.6bn (US$2.9bn) loan to support the Brazilian power sector, in the context of the COVID-19 pandemic. The loan will come from public and private banks and will be coordinated by the National Bank for Economic and Social Development (BNDES). The loan payment will start in 2021 and will be completed at the end of 2025; it will be repaid thanks to an extra charge on electricity bills that will be introduced in 2021.
The financial impact of the pandemic on power distribution companies is estimated at BRL5,565m (US$1,050m), including BRL3,270m (US$617m) of payment defaults. Electricity consumption fell by 14% due to the pandemic and defaults in the sector rose from 3% to 13%. In mid-March 2020, the energy regulator ANEEL prohibited distribution companies to cut off power supply to residential consumers and companies of essential services for 90 days, even in case of default.
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Earlier:
2020, February, 24, 10:15:00
BRAZIL'S SOLAR POWER UP BY 19%
Brazil's solar power output in the first 15 days of the month went up to 587 average megawatts (MWa) from 495 MWa a year ago for a 18.6% increase.
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2020, February, 14, 11:55:00
BRAZIL'S ENERGY INVESTMENT $538 BLN
Brazil’s investment needs in energy infrastructure over the next ten years will reach BRL2,340bn (US$538bn)
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2020, February, 5, 10:30:00
U.S., BRAZIL NUCLEAR COOPERATION
Brazil and the USA have signed agreements on extending the operation and generating capacity of Angra unit 1 and on cooperation in new nuclear technologies.
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