Brazil - Brazzil Mag - Brazil's Development Bank Loans US$ 429 Million for Alternative Energy
Advertisement
  Home arrow News arrow January 2006 arrow Brazil's Development Bank Loans US$ 429 Million for Alternative Energy Friday, 27 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 161 guests online
Latest News
Statistics
Members: 494
News: 11474
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Brazil's Development Bank Loans US$ 429 Million for Alternative Energy PDF Print E-mail
Written by Newsroom   
Wednesday, 04 January 2006

The Brazilian Development Bank (BNDES) approved financing of US$ 428.1 million (1 billion reais) for the construction of 16 small electric energy production units in several Brazilian states.

They are Minas Gerais, Rio de Janeiro, Espírito Santo and São Paulo, in the Southeast region of the country, Goiás and Mato Grosso do Sul, in the Midwest, and Santa Catarina in the South. The loan is part of the Alternative Energy Sources Program (Proinfa).

The support from the BNDES will allow electric power generation utility companies to make investments worth US$ 599.4 million (1.4 billion reais) in the installation works for 15 small hydroelectric units and one thermal-electric unit, to be fed with bagasse.

In all, the 16 energy plants will have 380 megawatts of installed capacity. The projects will generate 4,900 jobs, of which 4,700 during the construction period. The average deadline for the mills to start operating is of two years.

The Proinfa has the objective of promoting diversification of the Brazilian energy matrix as of renewable sources, like investments in small hydroelectric plants, wind energy and thermal-electric mills.

The program was launched in March 2005 and has already had another 13 projects approved by the BNDES, with financing of approximately US$ 428.1 million installed capacity of 383 megawatts and investments of US$ 685.1 million.

With the new approvals, the Proinfa reached in 2005 a total of US$ 899.1 million in financing and US$ 1.284 billion in investments for a total of 29 projects in 11 states in Brazil, corresponding to 763 megawatts of installed capacity, enough to supply a city of 2.3 million inhabitants.

2004

Throughout of the whole of last year, the BNDES made loans worth US$ 20.12 billion to various sectors, an increase in 17.5% in comparison with the US$ 17.13 billion in 2004.

The sum, however, was inferior to the bank's budget for 2005, which was of US$ 25.69 billion. According to the institution's press advisory, the volume of the credit wasn't larger due to the retraction in the agriculture and livestock sector, which suffered with the draught and appreciation of the Brazilian real in relation to the American dollar, making Brazilian products more expensive abroad.

For the industry, the bank loaned US$ 10.02 billion in 2005, a 48% increase in comparison to the US$ 6.765 billion in the previous year.

To the infrastructure segment went US$ 7.279 billion or 12.7% more than in 2004. In the "basic inputs" area, in which are great projects in the base industry, such as steelworks, petrochemicals and paper and cellulose, the loans made by the BNDES reached US$ 1.242 billion, an increase in 72% in comparison to 2004.

Loans for exports, in turn, added up to US$ 5.86 billion in 2005, or 52% more than in the previous year.

According to the BNDES press advisory, amongst the main credits given by the bank last year are the US$ 402 million for the construction of Platform P-51, a total investment worth US$ 774 million programmed by Petrobras; US$ 685.1 billion for the gas pipeline construction linking Cabiúnas, in the state of Rio de Janeiro, to Vitória, in the state of Espírito Santo, both in southeastern Brazil, and for the installation of the Urucu-Coari-Manaus gas pipeline, in the Amazon - norhtern Brazil, US$ 199.1 million for the creation of three wind energy parks in the southernmost Brazilian state of Rio Grande do Sul, US$ 385.3 million for the modernization of 12 steelworks plants of the Gerdau group, US$ 1.006 billion for a project for production increase in the cellulose company Suzano Bahia Sul, US$ 64.22 million for the expansion of Pecém Port, in the state of Ceará, in the northeast of Brazil, US$ 113.5 million for the recovery and increase in cargo transport capacity of Ferronorte, railway that links the state of Mato Grosso to the Santos Port, in São Paulo, US$ 133.2 million for the expansion of the city of São Paulo subway, and US$ 29.97 million for the subway in the city of Rio de Janeiro.

Anba

Hits: 6484
Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17.  Three policemen died and another two were injured.  This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.