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Brazil oil, gas and power watch

Bnamericas Published: Tuesday, October 25, 2022
Brazil oil, gas and power watch

Brazilian development bank BNDES will finance the Ventos de São Januário 16, Ventos de São Januário 17, Ventos de São Januário 18 and Ventos de São Januário 19  wind farms in the municipalities of Várzea Nova and Morro do Chapéu, in Bahia state. 

BNDES's participation of 690mn reais (US$130mn) was granted to four specific purpose companies controlled by Casa dos Ventos and will contemplate investments in the associated transmission systems. 

The wind farms’ combined installed capacity of 288MW is enough to supply about 744,000 homes. The farms belong to the Babilônia Sul wind complex, which hosts five parks overall.

Resources come through the bank’s Finem program, under the project finance modality, and via the debentures in public offerings program.  

Other resources were generated through the issue of infrastructure debentures from the northeast development fund (FDNE) and Banco do Nordeste, as well as resources from the Casa dos Ventos group. 

The resources will be used in the acquisition of national wind turbines, civil works, and specialized technical services.  

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Brazil’s electric power watchdog Aneel approved on Tuesday the partial homologation of the result of the A-4 new energy auction of 2022, which hired power from greenfield generation undertakings. 

A total of 238MWa were contracted from 29 projects, with 39% of the energy coming from hydro plants, 32% from wind and PV solar plants and 29% from biomass projects. 

Estimated investments are around 7bn reais for the implementation of about 950MW of capacity.

The contracted energy will meet the demand of three distribution utilities that participated as buyers in the bidding: Cemig Distribuição, Companhia de Eletricidade do Estado da Bahia and Light Serviços de Eletricidade.

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Heavy rainfall in the southeast and south of Brazil, combined with temperatures below the historical average in much of the country, reduced national power consumption by 2.5% in September from the same period last year, according to electric power commercialization chamber CCEE

The decrease was driven by the regulated market, in which small commercial establishments and households buy supply directly from distributors. 

The segment used 40,690MWa, down 6% year-on-year, largely due to less use of equipment such as air-conditioning appliances.

In the free market, which includes industrial consumers and large companies, consumption totalled 23,629MWa, up 4.4%. 

According to CCEE, the increase is explained by greater activity in important productive sectors, especially those focused on exports, as well as by the entry of new consumers.

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Total energy sold by Paraná state’s Copel reached 17,421GWh in the third quarter, up 1.9%.

Year-to-date, Copel recorded 51,433GWh, an increase of 5.9% compared with the first nine months of last year.

The figures comprise sales of Copel Distribuição, Copel Geração e Transmissão and the company’s wind power complexes and Copel Mercado Livre in all markets (regulated and non-regulated). 

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Oil and gas watchdog ANP has qualified five more companies to participate in the first open acreage production sharing round, scheduled for December 16: BP Energy do Brasil, Ecopetrol Óleo e Gás do Brasil, Petronas do Brasil, Qatar Energy do Brasil and Total Energy EP do Brasil.

Petrobras, Shell Brasil Petróleo and Chevron Brasil Óleo e Gás qualified previously, while more requests are still being analyzed. 

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Rio de Janeiro state’s environmental control commission (Ceca) has issued the environmental installation license for the second phase of the Macaé port terminal (Tepor). 

The local government expects the authorization to unlock 10bn reais in investments in the state's north, generating about 25,000 jobs. 

The first phase includes the construction of a natural gas processing unit, a water treatment plant, a raw water pumping station, and six gas pipelines, in addition to the construction site. 

In the second phase, two terminals, an LNG regasification unit, several onshore pipelines, and a subsea pipeline will be built. The port area will also be dredged. 

Tepor is expected to be operational in 2027.

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The shareholders of PRIO (formerly PetroRio) have approved the acquisition of Dommo Energia’s shares. Dommo will now become a subsidiary of PRIO’s Petro Rio OPCO Exploração Petrolífera. 

Dommo Energia is the former owner of the Tubarão Martelo Campos basin field, 80% of which was bought by PRIO in 2020. 

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