En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Brazil plans reforms that could privatize the power-sector

 

 


SAO PAULO
Petroleumworld 07 07
2017

The Brazilian government made public on Wednesday proposals for broad changes in power-sector regulations, including measures that would facilitate asset sales by state-controlled power holding firm Eletrobras .

Brazil's Energy Ministry released the proposals as it opened a period of public consultations regarding the changes.

President Michel Temer's administration is seeking to attract private investment to the sector, which has struggled financially partly because of changes made in 2012 when the former administration renewed operating licenses for hydroelectric power plants at conditions now seen as unprofitable.

Among the proposals, the ministry is opening the possibility for companies owning dams that were targets of the 2012 changes to increase the price for the energy they sell. That would sharply benefit Eletrobras, or Centrais Elétricas Brasileiras SA, which controls most of those hydro plants.

Another proposed measure boosts prospects for the privatization of some of those dams. It says the government would reduce taxes on those assets, helping elevate returns for companies that buy them.

Eletrobras, which has sought to sell subsidiaries as a way to cut debt, is likely to benefit from the proposed changes.

The public consultation will receive contributions until the end of August.



Reporting by Luciano Costa; Writing by Marcelo Teixeira; Editing by Peter Cooney from Reuters.

reuters
.com
07 06 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

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

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis 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.