Wilson Ferreira Jr, president of Eletrobras, reported that the company has at least 1 billion reais reserved for investment in the Angra 3 Nuclear Power Plant project, still this year in 2020.
See Also:
- The Shipyards Itajaí and Navegantes Are Among the Priorities of the Merchant Marine Fund and Secure New Works
- 110 Positions – Leader Bayer Begins Registration for Its 2020 Internship Program
- JBS Announces Opening of 3,000 Job Vacancies in Various Regions of Brazil
The construction of the Plant, halted since 2015, seems to be moving forward again. The president stated that the idea is to choose an international partner for the resumption and completion of the works by the end of the year. He also mentioned that the expectation is for its completion by 2026.
-
The blouse tax seemed to have disappeared, but it returns in 2027 with a different name, a new federal charge, and a change that could affect the price of international purchases.
-
New agreement in Minas changes the entry salary in supermarkets and hypermarkets, sets a minimum wage of R$ 1,735.76, and creates an alert for workers to check adjustments, commissions, and rights on the payslip.
-
With declining production and exports at their limit, Argentina cuts vehicle tax to try to regain competitiveness and protect its pickups from the Chinese offensive.
-
With 80.9% of families in debt, the state creates a new law against over-indebtedness to guide consumers, combat abusive practices, and encourage debt renegotiation.
Wilson stated that for the entire year, Eletrobras’ investment amounts to R$ 5.3 billion. Besides the Angra 3 Plant, the other R$ 1.8 billion will be allocated to the generation area. The transmission area will receive investments exceeding R$ 2 billion.
When asked about the coronavirus and its impacts on the global economy and especially Brazil, the president said that, initially, the company should not change its investment plan. He informed that the next three months will be the worst moments, generating uncertainty, but it is a short period to make the company alter its investment route.
In a videoconference with XP Investimentos, Ferreira Jr said: “Of course we are careful with the cash flow, but these volumes were already planned, and we have several projects underway. The challenge I have been feeling is the difficulty we have in accessing the cities due to the closures. But I can say that all contracted works are ongoing.”

Be the first to react!