Government to Create 500 Thousand Jobs with 536 Small Hydroelectric Plants, Says Minister of Mines and Energy

Written by Paulo Nogueira

Published on 27/06/2019 at 10:30

Updated on 27/06/2019 at 10:41

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At The Electric Sector Agents Forum and The Electric Sector Environmental Forum, The Minister Says These Projects Are A Top Priority

Businesspeople and shareholders in the electric energy sector were optimistic after statements from then Minister of Mines and Energy, Bento Albuquerque, about generating around 500,000 jobs with a project that will ease the licensing of small hydropower plants. According to the study presented by Abrapch ( Brazilian Association of Small Hydroelectric Plants), the current system takes almost 10 years to deliberate on a license, according to Paulo Arbex, president of the organization.

About R$ 70 billion will be invested, and there are currently 536 small hydropower plants awaiting approval. The minister says these same projects are on the government’s priority list: “More than R$ 70 billion in investments and more than 500,000 jobs. It is an extremely positive impact. And more than that: it is a legacy for Brazil,” reported Albuquerque.

The minister, somewhat critical of the energy management policies of previous governments, stated that Brazil has prioritized carbonizing energies too much and that now is the time to change this paradigm, a fact solidified by trade wars for the “best market share.”

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Paulo Nogueira

“In addition to the environmental challenge, we need to secure the source in the auctions. Previous governments contracted, on average, 130 MW/year – 1.9% of the total. To give you an idea, the country contracted 26% of thermals. Brazil is going against the trend of decarbonization. The truth is that the electric sector needs R$ 20 billion a year in investment for new generation. There is a trade war to determine who will get the largest share. And some use any argument to increase their portion. The country ends up making the wrong decisions, due to pressure or lobby, instead of doing what is best.”

Government to Create 500 Thousand Jobs with 536 Small Hydroelectric Plants, Says Minister of Mines and Energy

At The Electric Sector Agents Forum and The Electric Sector Environmental Forum, The Minister Says These Projects Are A Top Priority

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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