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Approved Today by the Senate Economic Affairs Committee, the Bill Allocating Pre-Salt Funds for Financing Pipelines
The committee that studies and enables economic matters in the Senate approved today (11) a bill that changes the rules in the electricity sector and allocates pre-salt funds for financing the construction of pipelines.
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The text of the approved bill states that 20% of the Union’s resources from the sale of oil originating from the pre-salt should be allocated to Brasduto (Gas Pipeline Expansion Fund). This fund was created to reserve capital for investments in infrastructure works.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
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A doorman earning BRL 1,620 and living with his family in a single room discovers 5 companies opened in his name, sees his debt exceed BRL 8 million, and is trying to prove he became a straw man in a scheme involving copied and pasted signatures.
Another part of the proposal refers to hydroelectric plants. It is stipulated that hydroelectric plants will receive compensation in case of drought, known as hydrological risk. Under the current rule, if there is a lack of rainfall, companies resort to thermoelectric plants (a practice with higher costs) and also risk paying fines if there is an interruption in energy supply.
In 2015, a law created by MP 688 attempted to resolve judicial impasses regarding the transfer of hydrological risk to consumers. The energy generation companies, under the law created, went to court and claimed that the plants should not bear the costs generated by the risk, resulting in a liability estimated by CCEE at R$ 8 billion.
Since 2015, the topic has been under consideration in the National Congress due to numerous questions from lawmakers about the new rules and whether they would affect the final consumer. The project still needs to undergo analysis by the Senate plenary and only then go to President Jair Bolsonaro.
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