The Federal Government delivered, on Tuesday night (23), to the National Congress the MP (Provisional Measure) which deals with privatization of Eletrobras.
According to the MME (Ministry of Mines and Energy), the proposal brings competitiveness to the company, with sustainability, thus being able to expand its investments in renewables and new technologies.
Furthermore, the government stated that the capitalization process focuses on the electricity consumer, allowing tariff relief through reduced payment of sectoral charges.
The agency also highlighted that the modeling aims to increase investments, contributing to the expansion of the electricity sector, generating jobs and income.
The delivery of the MP was made by President Jair Bolsonaro and ministers Bento Albuquerque (Mines and Energy), Paulo Guedes (Economy) and Luiz Eduardo Ramos (Government Secretariat) to the presidents of the Federal Senate, Rodrigo Pacheco, and the Chamber of Deputies, Arthur Lira.
“The capitalization of Eletrobras is essential to make Brazil grow again and is also fundamental for a sector that needs investment. This will contribute to the current and future supply of the entire production chain, at competitive prices, because electrical energy is a basic input for industry, agriculture and services”, stated Bento Albuquerque, Minister of Mines and Energy.
About MP
The Provisional Measure will allow BNDES to begin studies on the privatization of Eletrobras. The research should last around eight months and can now begin while the National Congress discusses the project.
However, only after the MP is converted into law will the capitalization process begin.
According to the MME, the text brings important improvements to the company's capitalization modeling in relation to the project presented in 2019.
“Among the proposed measures, there is an increase in resources allocated to the CDE (Energy Development Account), which went from 1/3 to 50%, and the inclusion of the Tucuruí Hydroelectric Plant, which brings more resources to reduce sectoral charges paid by consumers,” the government said in a statement.
“In addition to allowing the Union and CDE to raise funds in amounts exceeding R$50 billion, the measure provides for the development of fundamental projects in the North, Northeast and Southeast regions, which transcend the electricity sector itself, contributing to the development of the country”, added the MME.
Investments
The text points out that an investment of R$295 million per year is planned, for a period of ten years, for the development of actions aimed at structurally reducing energy generation costs in the Legal Amazon.
R$ 230 million must also be invested annually, for ten years, to revitalize river basins, where the Furnas hydroelectric plants are located.
Finally, an investment of R$ 350 million per year is expected for the revitalization of the São Francisco River hydrographic basin, but with the innovation of electrical energy allocation for the river transposition project.
