World

 

Español

 

Guyana


Trinidad
& Tobago

 






Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Brazil's privatizing agenda:
Electrobras, ports, expressways

Electrobras

The privatization of Eletrobras will deliver the company to the big banks and speculative funds, taking from the country an important instrument of public policy -CNE Coletivo Nacional dos Eletricitários.

By Petroleumworld

CARACAS
Petroleumworld 07 23 2020

Privatizing Brazilian state power company Eletrobras is a priority for the government, the energy minister said on Wednesday. Brazil's government is also targetting eight port terminals and toll roads among assets to be privatized.

The privatization of Electrobras, would require the approval of Congress and faces an uphill political battle. Still, the possibility has caused brief rallies in its shares in recent years, Reuters reports.

“Within the Pro-Brazil agenda, it's one of the priorities,” Mines and Energy Minister Bento Albuquerque told journalists on Wednesday, referring to a federal government program to reignite growth amid the novel coronavirus pandemic. “It's a priority of the government.” report Reuters. targetting eight port terminals for liquid and solid bulk and 30 toll roads among assets to be privatized by 2022 under the Investment Partnership Program (PPI).

In the documents released Tuesday, the Mines and Energy Ministry requested 4 billion reais ($781 million) in its 2021 budget to create a separate state firm to hold some vestigial Eletrobras assets, should it be privatized.

Also in the government privatizing agenda are eight port terminals for liquid and solid bulk and 30 toll roads among assets to be privatized by 2022 under the Investment Partnership Program (PPI), Argus reports.

The government is seeking to raise at least R$2,6bn ($480mn) from the sales, but it has not yet defined the target values for all projects.

($1 = 5.12 reais)

Sources: Reuters and Argus Media

Story from Petroleumworld.

petroleumworld.com
07 23 2020

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld ™  / Elio Ohep - All rights reserved

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.