Portuguese 
English 
Spanish 
2 min of reading 
The Investment Announcement Was Made This Morning, Which Counted With The Presence Of President Bolsonaro At The Itaipu Hydroelectric Power Plant
Today, February 25, 2021, a BRL 1 billion investment plan for the revitalization of the Furnas system was presented at the Itaipu Hydroelectric Power Plant. The ceremony was attended by the President of the Republic, Jair Bolsonaro, who praised his appointee to take over as president of Petrobras, General Joaquim Silva e Luna, who, before assuming the position at the state-owned company, was the general director of Itaipu Binacional.
See Also Other News:
- SENAI Offers 120 Free Positions In Qualification Courses For Electricians, Turners, And Mechanics In PA
- Petrobras Signs Contract For The Sale Of Onshore Fields In The Miranga Pole In Bahia
- Brazil Establishes Itself As The Largest Truck Market For German Mercedes-Benz. Company Will Invest Over BRL 800 Million By 2022
- Logistics – JSL Acquires A Carrier For BRL 97 Million
Revitalization Of The System:
The plant stated that the revitalization of the transmission lines is essential to increase Brazil’s energy security in the coming decades, as the Furnas system has been in operation for 36 years and has reached the end of its life.
According to Itaipu, the investment will be around BRL 1 billion, which will contribute to Brazil’s gross profit in the next five years. The investment will be allocated to modernizing the equipment responsible for transmitting energy.
-
Brazil’s beef exports may fall 10% in 2026 after China’s restrictions impact the sector’s main market, warns Abiec
-
Shopee opened three distribution centers at once in Vitória, Curitiba, and Fortaleza with the capacity to process 700,000 orders per day, generated 900 jobs, and now totals 22 centers in Brazil with 200 logistics hubs and 45,000 partner drivers in a race against Mercado Livre and Amazon.
-
TIM closed a partnership with PicPay to distribute financial products to its 61 million customers without investing a single cent in equity. The focus is credit, and the move marks the operator’s return to the financial sector after receiving R$ 520 million to exit C6 Bank.
-
With an investment of R$ 870 million and an annual capacity of 720,000 tons, Petrobras returns to producing urea in Paraná and addresses the dependence on approximately 80% of Brazilian imports of nitrogen fertilizers, a segment pressured by the war in Ukraine and conflicts in the Middle East.
Improvements In The Electricity Sector:
At the ceremony, the Minister of Mines and Energy, Bento Albuquerque, emphasized the importance of improving Brazil’s energy transmission system.
“In the next 60 months, companies will extend the useful life of the installations, providing operational reliability to the transmission system. By modernizing the system, we will be ensuring Brazilian consumers adequate electric service without interruptions. I do not think I am exaggerating when I say that we are taking a concrete step today towards increasing the country’s energy security,” concluded the Minister of Mines and Energy.
Be the first to react!