Luciano Costa

Amended Eletrobras privatization bill not worth enacting, says author

May 25 2021

BRASILIA A bill to privatize Latin America's largest utility, Centrais Eletricas Brasileiras SA, has advanced to Brazil's Senate, but its original sponsor says amendments have disfigured the legislation, threatening to boost pollution and power rates.

UPDATE 1-Brazilian sponsor of Eletrobras privatization bill removes key clause from text

May 19 2021

SAO PAULO, May 19 The sponsor of a bill to privatize Brazilian state power utility Eletrobras on Wednesday dropped a provision tying the sale to government contracts for natural gas-powered generation after uproar from industry groups.

Largo Resources taps Brazil in vanadium battery push

May 04 2021

SAO PAULO U.S.-based Largo Clean Energy is preparing to produce batteries using vanadium extracted from northeastern Brazil, the company's chief executive said on Tuesday, in a bid to capture a chunk of the fast-growing renewable energy storage market.

UPDATE 1-Brazil's Cemig plans gas distribution IPO, Alianca stake sale

Apr 28 2021

SAO PAULO, April 28 Brazilian power utility Cemig is planning an initial public offering of its gas distribution unit and a wave of divestments, executives said on Wednesday, and the company's shares rose over 4% after the news.

Brazil sees solar boom ahead of cut in subsidies for new projects

Apr 20 2021

Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.

Brazilian industry asks Bolsonaro for help with soaring power costs

Apr 09 2021

SAO PAULO, April 9 Double-digit increases in energy costs face Brazilian households and factories already slammed by the pandemic this year, leading some industry lobbying groups to ask President Jair Bolsonaro for help.

XP brokerage eyes creation of power trading unit in Brazil this year

Mar 24 2021

SAO PAULO, March 24 Brazilian financial services platform XP Inc will launch a power trading unit later this year, aiming to turn itself into a leading name in the domestic unregulated power market over the next few years, an executive told Reuters on Wednesday.

Brazil to cut stake in Eletrobras to 45% from 61% in privatization - energy secretary

Feb 24 2021

SAO PAULO Brazil's government will cut its stake in power company Centrais Eletricas Brasileiras SA, or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry told Reuters on Wednesday.

INTERVIEW-AES Brasil eyes more investments in renewables following restructure

Feb 03 2021

SAO PAULO, Feb 3 AES Brasil, the Brazilian unit of Virginia-based power company AES Corp, will triple its capacity for investments in new renewable energy projects after completing a corporate restructuring, the company's chief executive said on Wednesday.

Brazil still plans to privatize state utility Eletrobras, sources say

Jan 28 2021

BRASILIA/SAO PAULO, Jan 28 Brazil's government still plans to privatize state-run electricity company Eletrobras, two sources said on Thursday, despite the high-profile departure of its chief executive who said he did not see the political will required to sell the asset.

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