Latest news with #energia
Bloomberg
03-07-2025
- Business
- Bloomberg
Petrobras Boosts Lula's Economic Agenda With Refining Investment
Brazil's state-controlled oil producer Petrobras announced on Thursday about 30 billion reais ($5.5 billion) in refining and petrochemicals investments in Rio de Janeiro state that align with the government's wider plan to create jobs and accelerate economic growth. The group of investments focus on producing renewable fuels and improving energy efficiency. President Luiz Inacio Lula da Silva will travel to Rio on Friday for an official announcement of the projects that could create more than 38,000 jobs, according to the company.
Reuters
03-07-2025
- Business
- Reuters
Brazil's Petrobras to invest $4.8 billion reais in integration between Reduc and Boaventura
RIO DE JANEIRO, July 3 (Reuters) - Brazilian state-run oil firm Petrobras ( opens new tab will invest 26 billion reais ($4.80 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state, it said in a statement on Thursday. Petrobras foresees the construction of a new thermal power plant in Reduc, with costs estimated at 860 million reais, and a 2.4 billion reais investment in maintenance stoppages at Reduc until 2029, it added. ($1 = 5.4151 reais)
Reuters
03-07-2025
- Business
- Reuters
French sugar company Tereos seeks to expand power business in Brazil
SAO PAULO, July 3 (Reuters) - French sugar maker Tereos plans to expand the client base for its power contract sales in Brazil by tenfold within two years, aiming for over 1,000 corporate customers, an executive told Reuters. Samuel Custodio, head of power commercialisation for Tereos in Brazil, said the growth will be driven by cross-selling to the company's existing sugar and ethanol clients as well as potentially to their suppliers and partners and through acquisitions. Tereos, the second-biggest sugar producer in Brazil, produces power from sugarcane biomass in some of its Brazilian plants. The power business provides Tereos with a predictable revenue stream even though it represents a small portion of the company's total revenue in Brazil, Custodio said in an interview on Wednesday. The group used to sell the power mostly through the Brazilian regulated power system, which is basically run by concessions. But as these contracts expired, the company has shifted its focus to the non-regulated power market, where corporate clients can choose their energy suppliers directly. Tereos generates approximately 1,500 gigawatt-hours of electricity annually at six plants in Brazil's Sao Paulo state. This output covers its own operational needs, allowing the company to sell the surplus.
Reuters
26-06-2025
- Business
- Reuters
Brazil power regulator warns of potential shutdown due to budget cuts
RIO DE JANEIRO, June 26 (Reuters) - Brazil's power regulator Aneel is facing a severe budget crisis, its head, Sandoval Feitosa, said on Thursday, urging the government to release funds to prevent the key agency's operations from grinding to a halt. A potential shutdown of Aneel would come amid government efforts to rein in spending to meet fiscal targets, and could jeopardize regulatory oversight of the power sector in Latin America's largest country. Aneel's main roles include regulating Brazil's power generation, transmission and distribution, as well as overseeing concessions, implementing government policies and establishing tariffs. Aneel's budget has been slashed to 117 million reais ($21.28 million) from a previous 155 million reais as the government imposed spending containment measures, according to Feitosa. The agency had initially requested 240 million reais to meet its operational needs. The agency will only be able to function until 2 p.m. every day starting in July because of the cuts, Feitosa told reporters in Rio de Janeiro. He noted Aneel had already laid off staff, suspended research, call center operations and preventive inspections due to financial constraints. "This is the worst budget cut that Aneel has ever experienced in its history," Feitosa said. Feitosa assured that Aneel's analysis of distribution concession renewals, as well as power auctions, would not be affected despite the ongoing budget crisis. The agency awaits a decision from the government on its funding request. ($1 = 5.4976 reais)
South China Morning Post
26-06-2025
- Business
- South China Morning Post
Chinese energy firms say Brazil must clarify regulations or face loss of investments
Senior Chinese energy executives have called on Brazil to fix its regulatory framework and provide long-term predictability, warning that delays could hamper billions of dollars in green investment. The requests for transparency came on Thursday during a panel discussion at the Energy Summit in Rio de Janeiro, where representatives from the State Power Investment Corporation (SPIC) and China Energy Engineering Corporation (CEEC) said that Brazil risked falling behind unless it acted quickly to clarify rules for energy storage and long-term concessions. China has become one of Brazil's biggest energy investors, pouring US$1.73 billion into the sector in 2023, a 33 per cent rise from the previous year, with roughly 72 per cent of confirmed projects focusing on wind, solar and other clean technologies, according to the Brazil-China Business Council. Since 2007, Chinese firms have invested a total of US$73.3 billion in Brazil generally, making it the fourth-largest destination globally for Chinese capital. 'Today we have the technology, the capital and the interest, but we lack a stable and predictable framework for energy storage in Brazil,' said Marcelo Taulois, deputy chief executive and chief development officer of CEEC Brazil. He warned that delays were putting billions of dollars of investment at risk. Taulois said that a long-awaited framework for battery storage, announced in December, had been put on hold despite strong interest from more than 60 developers.
