Brazil to invest US$18bn in energy projects

Friday, November 10, 2017

Brazil's mining and energy ministry said it has earmarked US$18bn for investments in 97 energy projects.

The initiatives are part of the country's "Agora, é avançar" (Time to move forward) program.

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The oil and gas budget includes the construction of seven production platforms (P-67, P-69, P-74, P-75, P-76, P-77 and Campos dos Goytacazes) to be installed in offshore fields, 13 oil tankers, and one gas pipeline.

Most of the projects are already underway, such as the Petrobras floating production storage offloading units and the Rota 3 pipeline, which will take the natural gas produced in pre-salt fields to the country's shore.

Under preparation in the oil and gas sector are the environmental sedimentary evaluation initiative off the Alagoas state coast (US$550,000) and implementation of the fluids and rocks R&D center in Rio de Janeiro (US$6mn).

Among the electric power undertakings are 28 transmission lines and 58 power generation units, of which 26 are wind power plants, 29 PV plants and three hydroelectric plants, amounting to US$4bn.

On the list is the Igaporã III - Pindaí II 230kV transmission line (US$3mn), whose construction is currently being auctioned, with its operations launch scheduled to take place in December.