Ministry of Mines and Energy and Ministry of Economy Hold Event at the Brazilian Stock Exchange (B3) to Officially Begin Eletrobras Privatization

Written by Ruth Rodrigues

Published on 15/06/2022 at 17:16

Foto: Fernando Frazão/Agência Brasil

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Officially Beginning the Privatization of Eletrobras, the MME and the Ministry of Economy Met with Sector Representatives at the Brazilian Stock Exchange (B3), but Were Criticized by Protesters Who Alleged Irregularities in the Privatization Project.

On the afternoon of last Tuesday (06/14), President Jair Bolsonaro and the ministers of the Ministry of Mines and Energy (MME) and the Ministry of Economy met at the Brazilian Stock Exchange, B3, located in São Paulo, to officially announce the privatization of Eletrobras. However, the ceremony was met with strong protests outside the venue, alleging a number of irregularities in the concession model.

Event at the Brazilian Stock Exchange with Representatives from the MME, the Ministry of Economy, and President Jair Bolsonaro Marks the Official Start of Eletrobras Privatization

Republic President Jair Bolsonaro and the ministers of Economy, Paulo Guedes, and Mines and Energy, Adolfo Sachsida, attended the ceremony to officially announce the privatization of Eletrobras at B3 this Tuesday. Additionally, the president of the National Bank for Economic and Social Development (BNDES), Gustavo Montezano, and several former federal government ministers were present to mobilize the national government for the new privatization project of the company.

The event was held to officially mark the beginning of the processes for the company’s concession to the private sector, and the president of Eletrobras, Rodrigo Limp Nascimento, stressed that he has no doubts about the need for privatization and the benefits to come for the company.

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Unions and the Public Hold Protests Against Privatization During Event Held by the MME and the Ministry of Economy at B3

Although the privatization ceremony of Eletrobras at B3 seemed calm at first, outside the venue, various unions and representatives from the energy sector expressed their opposition to the company’s privatization.

The main argument against the MME, the Ministry of Economy, and President Jair Bolsonaro is that the government is handing over the largest clean and renewable energy company to the private market without considering the consequences of the decision.

Thus, Fabíola Latino, coordinator of the National Collective of Electricity Workers (CNE), protested: “The privatization of Eletrobras will raise our electricity bills. And it’s not just the electricity bill we pay at home. Eletrobras is the largest generation and transmission company in Latin America; it is the beginning of Brazil’s production chain. The increase will impact the industrial production chain and will undermine the little development we are experiencing today.”

In addition to the CNE, present at the protest against Eletrobras’ privatization were the executive director of the Bank Workers’ Union, Chico Pugliesi, Guilherme Boulos from PSOL, and several representatives from MTST (Homeless Workers’ Movement), as well as a large number of civilians participating in the act.

Ministry of Mines and Energy and Ministry of Economy Hold Event at the Brazilian Stock Exchange (B3) to Officially Begin Eletrobras Privatization

Officially Beginning the Privatization of Eletrobras, the MME and the Ministry of Economy Met with Sector Representatives at the Brazilian Stock Exchange (B3), but Were Criticized by Protesters Who Alleged Irregularities in the Privatization Project.

Event at the Brazilian Stock Exchange with Representatives from the MME, the Ministry of Economy, and President Jair Bolsonaro Marks the Official Start of Eletrobras Privatization

Unions and the Public Hold Protests Against Privatization During Event Held by the MME and the Ministry of Economy at B3

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Ministry of Mines and Energy and Ministry of Economy Hold Event at the Brazilian Stock Exchange (B3) to Officially Begin Eletrobras Privatization

Officially Beginning the Privatization of Eletrobras, the MME and the Ministry of Economy Met with Sector Representatives at the Brazilian Stock Exchange (B3), but Were Criticized by Protesters Who Alleged Irregularities in the Privatization Project.

Event at the Brazilian Stock Exchange with Representatives from the MME, the Ministry of Economy, and President Jair Bolsonaro Marks the Official Start of Eletrobras Privatization

Unions and the Public Hold Protests Against Privatization During Event Held by the MME and the Ministry of Economy at B3

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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