Brazil Says It Has Power to Spare Through 2009

The Brazilian government has invested US$ 6.21 billion (14 billion reais) in electric power plants over the last 30 months, according to MaurÀ­cio Tolmasquim, president of the Energy Research Company (EPE).

"Brazil’s position is one of tranquility with respect to the energy situation, and there is currently sufficient spare electric capacity in the country to meet the growth in demand through 2009," he affirms. "Even with average economic growth on the order of 3.5% in the coming years."

The EPE is a government enterprise created by the Ministry of Mines and Energy in the area of electric energy planning.

Tolmasquim was interviewed by the Agência Brasil to respond to a comment made by the physicist Luiz Pinguelli Rosa, former president of Eletrobrás (the holding company in the electric sector).

According to Pinguelli, if no new investments are made in energy generation, the country runs the risk of having to impose rationing in 2008.

Tolmasquim, on the other hand, believes that the existing power plants, together with those that are under construction, are adequate to meet the demand for energy through 2009.

"We shall only need new power plants beginning in 2010, and this is already being taken care of through the auctions that will take place in December for the construction of new electric power plants," he affirms.

According to Tolmasquim, former executive secretary of the Ministry of Mines and Energy, the EPE operates on the assumption that annual energy demand will increase around 5.5%.

"Which is a reasonable hypothesis. Right now there is an energy surplus that will allow this demand to be met. Clearly, taking into account the plants that are under construction as well."

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

US Makes Up for Time Lost in Relationship with Brazil and Neighbors

Several outstanding United States officials will be visiting Brazil and other "friendly" countries in ...

Pataxí³ Indians Resist Police in Brazil

The Pataxó Resistance and Struggle Front and the Cassiana community, in the South of ...

Brazil Plans on Reducing the Greenhouse Effect Through Fertilizers

Brazilian researchers at the Ministry of Science and Technology, the Brazilian Farm Research Corporation ...

Brazil Inflation at 3.4% for First Semester

Brazilian inflation as gauged by the Broad Consumer Price Index (IPCA) amounted to 0.25% ...

Brazil Brings Heavyweights to Davos to Lure Investors

On January 29, around 100 European, American, and Asian investors will attend a meeting ...

Brazil’s Brahma Beer Invades 15 Countries

InBev, the world’s largest brewer by volume, announced today the global launch of Brazilian ...

Economy: Brazil Down to 15. Behind India.

From 1998 to 2003, Brazil fell from the 8th to the 12th position among ...

Gorgeous, But Who Cares?

CDs or Books by Keyword, Title or Author By Adelaide Bouchardet Davis "Sua disposição ...

Under the Gods’ Eyes

I arrived at the Pelourinho on Sunday night. The square exploded with the sound ...

Low Dollar Hurts Brazil’s Machinery Sector

The exports of Brazilian machinery and equipment has broken a new historic record bringing ...