Minister of Mines and Energy Says Brazil Has a Favorable Environment for Investment in Energy and Mining; Sector Could Gain Up to R$ 400 Billion in the Coming Years

Written by Fabio Lucas Carvalho

Published on 01/06/2021 at 20:19

Foto: Bruno Spada

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Brazil’s Energy Matrix Should Gain Up to R$ 400 Billion in Investments in the Coming Years.

Bento Albuquerque, Minister of Mines and Energy, highlighted that Brazil has a favorable scenario for investment in the mining and energy sectors. The minister also emphasized that approximately R$ 400 billion in investments are expected in the coming years, with most of it directed towards the energy matrix.

The minister participated this Monday, 31, in the panel Energy Transition in Brazil: The Importance of Renewable Energies and Foreign Investment in Brazil, at the Brazil Investment Forum 2021.

“It is important to say that in the last two years, even with the health crisis, we had investments in the energy and mining sectors in Brazil amounting to US$ 30 billion from 17 countries. Twenty-six percent of the foreign capital that entered the country in 2020 went to the energy and mining sectors. What does this represent? It represents that we have a business environment favorable to investments,” declared the Minister of Mines and Energy.

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Auction Should Be Held This Year in Various Sectors

Bento Albuquerque further highlighted that there are 10 electric generation auctions, two energy transmission auctions, three oil and gas auctions, and four in the mining sector scheduled for this year. The minister emphasized that the auctions aim to expand the energy and mining sectors in the country, as well as increase investments in the sector.

“All these auctions aim to provide this expansion for the energy sector of the country and mining as well, attract new investments, new partners; and this has indeed happened. We have a business environment that prioritizes legal security and also predictability“, declared the Minister.

The forum takes place remotely from May 31 to June 1, highlighting investment opportunities in the most important sectors for Brazil. Throughout the forum, a total of 60 projects will be presented, with an estimated portfolio value of US$ 72 billion.

Minister of Mines and Energy Says Brazil Has a Favorable Environment for Investment in Energy and Mining; Sector Could Gain Up to R$ 400 Billion in the Coming Years

Brazil’s Energy Matrix Should Gain Up to R$ 400 Billion in Investments in the Coming Years.

Auction Should Be Held This Year in Various Sectors

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Minister of Mines and Energy Says Brazil Has a Favorable Environment for Investment in Energy and Mining; Sector Could Gain Up to R$ 400 Billion in the Coming Years

Brazil’s Energy Matrix Should Gain Up to R$ 400 Billion in Investments in the Coming Years.

Auction Should Be Held This Year in Various Sectors

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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