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The Goal of the State Government Is to Attract New Ventures to Rio de Janeiro by Offering More Advantages to Investors.
This Tuesday, September 24, the Secretary of Economic Development of Rio, Lucas Tristão, informed that the government of Rio de Janeiro intends to exempt the purchase of natural gas for electricity generation projects that wish to establish themselves in the state from ICMS. Speaking of thermoelectric plants, Elfe Engenharia is accepting resumes for work at Termelétrica Mário Lago – Macaé.
The initiative will be presented through a decree that is already being drafted by the State Secretariat for Economic Development, according to what the head of the department, Lucas Tristão, reported yesterday.
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The aim of the state government with the zero ICMS rate is to attract new ventures to Rio de Janeiro, offering more advantages for investors interested in building thermoelectric plants.
The tax exemption on gas for thermoelectric plants is already adopted in other states, such as São Paulo and Bahia, and had not yet been incorporated into the tax regime of Rio de Janeiro due to the state’s fiscal recovery program.
Today, the ICMS on gas purchased for thermoelectric plants generates tax credits, but they cannot pass them on to their products because the energy they produce is consumed in other states.
According to the secretary, the government plans to publish the decree soon, targeting the companies that will participate in the next energy auction scheduled for October 18.
According to Tristão, there are thermoelectric plants registered to participate in the auction and that can benefit from the new measure as soon as it is published. He states that companies already operating in the state will also be included in the new decree.
In addition to new investments, the expectation of the government of Rio is that the measure will generate a reduction in energy costs for consumers. “Today, the highest energy taxation in the country comes from Rio de Janeiro. The reduction in energy prices will come from the reduction in the price of inputs,” highlights Tristão.
The government will ask for compensations, in terms of investments, for the tax renunciation, but according to the secretary, there is still no definition of how this will be done.
Thermoelectric plants, such as the one operated with natural gas in Uruguaiana (photo), deliver 25.86% of the energy used in the country. According to Aneel’s expectation, thermoelectric plants can generate 37.18% of the energy produced by the new plants Reuters
“We hadn’t done it yet because we are under the fiscal recovery regime,” stated the secretary. He said there is an understanding in the state government that the exemption does not violate the recovery plan agreed upon with the federal government.
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