Brazil to Spend US$ 60 Billion in Ten-Year Energy Plan

A Ten-Year Plan for the Electricity Sector, which has just been released by the Brazilian Ministry of Mines and Energy, calls for investments in Brazil of 125 billion reais (almost US$ 60 billion) between now and 2015.

The report says that 40 billion reais (almost US$ 20 billion) will be needed just for new transmission lines.

Today Brazilian electricity consumption is around 47 gigawatts. The plan says that in 2015 it should be 76 gigawatts.

The ministry says it is estimating consumption increases of around 5.2% per year during the ten- year period and taking into consideration the fact that there will be changes in its consumer profile: industrial consumption will drop from 47% of total consumption today to 43% in 2015; however, commercial use will rise from 15% to 18%, and residential use will go from 24% to 25%..

The plan calls for the complete integration of the country’s electricity grids by 2015. Today the states of Acre and Rondônia are not connected.

The ministry also says that the share of electricity generated by nuclear power plants will rise from 2.4% today to 3.68% by the year 2023 when Angra 3 becomes operational.

The plan is available for public consultations at www.mme.gov.br

ABr

Tags:

You May Also Like

Brazilian Police Break Soccer Ring That Was Cheating the IRS

Brazil’s Federal Police have just broken up a soccer corruption ring that illegally raised ...

Sugar Cane fields forever in Brazil

While the American Dream Is Outsourced Brazil Drives the World into the Future

Never in the history of the world have we had an economic revolution similar ...

While Campaigning for Permanent Seat Brazil Is Back at UN in Temporary Position

Once again, this year, for a period of 24 months, Brazil will have a ...

Brazil Boosts Investment in Agriculture by 12% to US$ 40 Billion

In the next few days Brazil is expected to announce the country's annual investment ...

The new orthography digested

Every few years the self-appointed owners of the Portuguese idiom, the grammarians, decide to ...

Search for High Added Value in Shoes Draws Top Brazilian Stylists

Exclusive shoes, developed by a group of 24 small and medium sized companies of ...

Brazilian Embraer Sells 30 New Jets to US Market

Embraer announced that it has reached an agreement for the sale of 30 firm ...

Brazilians Seem Optimistic About Their Economy But Fear Inflation

Brazilian consumers’ Confidence Index as indicated by the latest Getúlio Vargas Foundation data shows ...

Brazilian crowd

Brazil, a Nation Divided Between North and South, Middle Class and Masses

On October 29, Luiz Inácio Lula da Silva won the second round of Brazil’s ...

Brazil vs. NYT: Will Lula Take Brizola to Court?

Former Rio governor Leonel Brizola, in a story signed by all major newspapers in ...