On Friday (11), the Federal Government reintroduced the Growth Acceleration Program, known as PAC, in a ceremony at the Municipal Theater of Rio de Janeiro, with the presence of the President of the Republic and ministers.
The projects involved totaled R$1,7 trillion, of which R$1,4 trillion refers to projects planned between 2023 and 2026. The central objectives of the program are to promote the creation of jobs and increase revenue, reduce social and regional disparities and drive economic progress.
As pointed out by the government, the program's initiatives are aligned with ecological change, reindustrialization, concomitant advancement with social inclusion and sustainable environmental preservation.
The investments planned in the New PAC, coming from the OGU (General Budget of the Union), total R$371 billion, while state-owned companies will contribute R$343 billion, financing will total R$362 billion and the private sector will invest R$612 billion.
This program is segmented into nine thematic axes:
- Energy Transition and Security – R$540,3 billion;
- Efficient and Sustainable Transport – R$349,1 billion;
- Social and Inclusive Infrastructure – R$2,4 billion;
- Sustainable and Resilient Cities – R$609,7 billion;
- Water for All – R$30,1 billion;
- Digital Inclusion and Connectivity – R$27,9 billion;
- Innovation for the Defense Industry – R$52,8 billion;
- Education, Science and Technology – R$45 billion;
- Health – R$30,5 billion.
As far as the axis is concerned Energy Transition and Security, investments are planned in the areas of electrical energy generation and transmission, energy efficiency, Light for All, oil and gas, mineral research and low carbon fuels.
In the energy generation sector, it is expected to mobilize R$75,7 billion, with R$75,2 billion concentrated between 2023 and 2016. The construction of 343 plants is expected, encompassing thermal, hydroelectric, wind and solar plants. The intention to install 196 photovoltaic plants, with an amount of investment of R$41,5 billion from the private sector.
Furthermore, there is a forecast of R$87,8 billion in investment in energy transmission systems, of which R$69,8 billion will be allocated by 2026. Currently, around 59 works are in progress, totaling R$31,8, 52 billion, and there are 56 projects that have not yet started, totaling R$XNUMX billion in investments.
As to Light for All program, an investment of R$13,6 billion is planned for investments in 11 states, of which R$8,3 billion will be invested by 2026. These resources will be directed to the expansion of electrical networks and the supply of energy to Isolated Systems.
Other anticipated amounts include R$1,8 billion for energy efficiency, R$335,1 billion for oil and gas projects, R$307 million for mineral research and R$26,1 billion for the development of low-carbon fuels.
Finally, studies related to energy transition minerals, such as Uranium, Cobalt, Nickel, Quartz, Lithium, Cerium-Rare Earths, Copper and Graphite. Assessments of mineral deposits (phosphorus, potassium and nitrogen) and the use of rocks and waste from mining are also planned.
“And it’s just the beginning. By joining forces, we will make Brazil a protagonist of the Energy Transition, a storehouse of food and clean and renewable energy for the world, which turns its gaze once again to Brazil and investments are already arriving: bioenergy, low-carbon hydrogen, wind energy, solar energy, this, and much more, will transform Brazil, bringing regional development and a better quality of life for Brazilians”, said the Minister of Mines and Energy, Alexandre Silveira.
