Energy in Brazil

  • China State Grid evaluates the assets of Spanish group Abengoa in Brazil

    CHINA, 2016/04/07 Staff from China National Grid visited the power transmission projects in Brazil owned by Spanish group Abengoa to consider a possible acquisition of these assets, Reuters reported Tuesday. The Spanish group, which requested creditor protection in November 2015 due to debts that could reach 25 billion euros, has ended any investment in Brazil, leaving some work to be completed.
  • Petrobras production from pre-salt fields reaches milestone 800.000 bpd

    BRAZIL, 2015/05/16 The 800Mbbl/d output was reached just eight years after first oil was discovered in the pre-salt layer in 2006. The milestone was reached using 39 production wells, 20 of which are in the Santos Basin, which accounts for 64% of the output—511Mbbl/d—while the other 19 wells in the Campos Basin account for 36% of the output –291Mbbl/d. On the day the record was completed, 11 definitive production systems and one early production system were operating, and seven were exclusively producing oil from the pre-salt.
  • Brazil’s electricity producing nuclear plants,

    BRAZIL, 2013/04/22 A draft law was approved this week by the Committee on Mines and Energy which would see any company 'exploiting nuclear power' pay 10% of related revenue to local governments as a kind of compensation. The proceeds, based on gross electricity generation, would be split between the local municipality, the local national and potentially neighbouring states as well.
  • Brazil unveils ceiling prices for August power tender rounds 2011-07-21

    BRAZIL, 2011/07/21 Brazil’s national electricity regulator Aneel has announced its ceiling prices for the nation’s forthcoming A-3 and reserve capacity tenders.   Suzlon gears up for challenge of Brazilian energy tender Wind leads Brazil power tender with 11GW of projects Brazil sticks to new wind tender rules despite protests
  • Electricity sector in Brazil

    BRAZIL, 2010/12/31 Brazil has the largest electricity market in South America, with a power consumption that is more than double the combined consumption of Argentina, Bolivia, Chile and Uruguay. Its installed capacity is comparable to Italy and the United Kingdom, although with a much larger transmission network. The country has the largest capacity for water storage in the world, being highly dependent on hydroelectricity generation capacity, which meets over 80% of its electricity demand. This reduces the country’s generation costs relative to countries with more diverse supply mixes. However, this dependence on hydropower also makes Brazil specially vulnerable to power supply shortages in less rainfall years, as was demonstrated by the 2001-2002 energy crisis.
  • Brazilian energy major needs additional rigs from abroad (5/11/2010)

    BRAZIL, 2010/11/05 Brazilian state-run energy major Petrobras will need to hire additional rigs from international markets before 2015 in order to satisfy increasing demand at Brazil's prolific offshore pre-salt oil layer.