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SILVER 59.61 ▲ 3.43% SOY 1,191 ▼ 0.92% CORN 460.00 ▲ 5.08% WHEAT 641.75 ▲ 2.35% COFFEE 350.70 ▲ 2.72% SUGAR 14.78 ▲ 0.20% ORANGE JUICE 139.65 ▼ 2.03% COTTON 81.07 ▲ 1.55% COCOA 5,739 ▲ 0.75% BEEF 228.08 ▼ 2.83% CATTLE 349.18 ▼ 1.46% LITHIUM 71.67 ▲ 2.04% PETR4 40.42 ▼ 0.59% VALE3 74.35 ▲ 2.06% ITUB4 43.78 ▲ 0.60% BBDC4 18.71 ▼ 0.32% ABEV3 15.91 ▲ 0.51% BBAS3 20.55 ▲ 1.53% B3SA3 15.36 ▲ 1.59% WEGE3 44.48 ▲ 0.20% PRIO3 56.66 ▼ 0.94% SUZB3 41.09 ▼ 0.96% RENT3 40.22 ▲ 0.05% AZZA3 18.90 ▼ 1.66% CSAN3 3.90 — 0.00% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.17 ▲ 0.24% CVCB3 1.30 ▲ 4.00% POSI3 3.95 ▼ 1.00% SLCE3 13.72 ▼ 1.08% NATU3 8.48 ▼ 1.40% BRKM5 6.62 ▼ 4.61% RANI3 8.02 ▲ 0.88% CSNA3 5.18 ▼ 1.15% CMIN3 5.30 ▼ 2.75% USIM5 8.23 ▼ 1.79% GGBR4 23.06 ▲ 1.05% ENEV3 26.89 ▲ 0.04% CPFE3 47.02 ▲ 0.38% CMIG4 11.11 ▲ 0.36% EQTL3 40.95 ▲ 1.84% LREN3 14.17 ▲ 0.14% VIVT3 35.21 ▲ 1.38% RAIL3 14.13 ▲ 0.14% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.51 ▲ 1.70% RDOR3 35.91 ▲ 0.98% HAPV3 10.64 ▲ 1.72% FLRY3 16.25 ▲ 0.62% SMTO3 16.37 — 0.00% UGPA3 29.75 ▼ 3.82% VBBR3 32.80 ▲ 0.12% BBSE3 40.24 ▼ 0.10% BPAC11 58.34 ▲ 1.43% CURY3 32.81 ▼ 0.94% AERI3 2.08 — 0.00% VIVARA 23.32 ▲ 0.91% COMPASS 25.14 ▲ 1.49% VAMOS 3.01 ▼ 0.33% SANB11 27.50 ▲ 0.48% ASAI3 8.69 ▼ 0.23% SBSP3 30.40 ▲ 0.10% WALMEX 49.70 ▲ 0.10% GMEXICO 203.61 ▲ 4.10% FEMSA 233.18 ▲ 3.47% CEMEX 22.56 ▲ 3.58% GFNORTE 186.95 ▲ 2.68% BIMBO 56.29 ▲ 0.75% TELEVISA 9.57 ▼ 0.42% AMX 22.90 ▲ 1.37% GAP 386.74 ▼ 5.25% ASUR 279.47 ▲ 0.29% OMA 234.56 ▲ 0.53% KOF 181.86 ▲ 0.10% GRUMA 280.59 ▼ 0.28% KIMBER 38.35 ▲ 0.34% SQM-B 67,700 ▲ 0.73% COPEC 6,040 ▼ 0.29% BSANTANDER 78.96 ▲ 0.97% FALABELLA 5,945 ▲ 0.67% ENELAM 84.79 ▲ 0.70% CENCOSUD 2,043 ▲ 0.15% CMPC 1,070 ▼ 0.74% BANCO CHILE 188.79 ▲ 2.05% LATAM AIR 24.56 ▼ 1.37% YPF 77,350 ▲ 0.23% GGAL 8,170 ▲ 1.11% PAMPA 5,205 ▼ 0.38% TXAR 665.50 ▲ 0.15% ALUAR 958.50 ▼ 0.62% TGS 9,630 ▲ 0.63% CEPU 2,315 ▼ 0.17% MIRGOR 16,825 ▼ 1.03% COME 45.53 ▲ 1.67% LOMA NEGRA 3,535 ▲ 1.07% BYMA 306.50 ▼ 0.57% TELECOM ARG 4,255 ▲ 0.12% ECOPETROL 15.79 ▼ 0.58% BANCOLOMBIA 82.11 ▲ 2.10% GRUPO AVAL 4.95 ▲ 0.71% CREDICORP 393.17 ▲ 1.01% SOUTHERN COPPER 183.41 ▲ 5.09% BUENAVENTURA 31.07 ▲ 4.18% MERCADOLIBRE 1,873 ▲ 0.30% NUBANK 13.96 ▲ 2.08% XP 16.64 ▲ 1.65% PAGSEGURO 9.21 ▼ 0.81% STONE 11.14 ▼ 0.13% GLOBANT 31.54 ▼ 1.81% TECNOGLASS 43.53 ▲ 1.61% GAP AIRPORT 223.72 ▼ 3.89% ASUR 279.47 ▲ 0.29% OMA AIRPORT 107.92 ▲ 1.68% AMX ADR 26.28 ▲ 0.96% FEMSA ADR 134.04 ▲ 3.90% CEMEX ADR 12.96 ▲ 4.10% PETROBRAS ADR 17.88 ▼ 0.03% VALE ADR 14.65 ▲ 3.31% ITAU ADR 8.62 ▲ 1.77% SANTANDER BR 5.44 ▲ 1.68% AMBEV ADR 3.11 ▲ 1.63% CSN 1.03 ▼ 0.49% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.31 ▼ 0.05% BTC 64,443 ▲ 3.54% ETH 1,882 ▲ 6.12% SOL 77.40 ▲ 3.39% XRP 1.11 ▲ 3.79% BNB 582.24 ▲ 2.75% ADA 0.17 ▲ 5.83% DOGE 0.07 ▲ 3.95% AVAX 6.67 ▲ 3.50% LINK 8.37 ▲ 6.25% DOT 0.86 ▲ 2.45% LTC 44.62 ▲ 2.60% BCH 239.41 ▲ 1.34% TRX 0.33 ▲ 0.54% XLM 0.18 ▲ 2.25% HBAR 0.07 ▲ 0.96% NEAR 2.05 ▲ 6.64% ATOM 1.56 ▲ 1.63% AAVE 100.78 ▲ 6.80% 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Brazil Business - Brazil

Bolsonaro Revives Plan to Build Large-Scale Hydroelectric Dams in the Amazon

By · August 22, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – After a six-year auction hiatus for the supply of large hydroelectric power plants in the Amazon region, president Jair Bolsonaro has decided that it is time to restart building power plants in the area.

The plan surfaced on Wednesday, August 21st, during the announcement of a package of new privatizations, concessions, and auctions that the government intends to hold in the coming years.

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In the list of projects that the government intends to promote in the energy sector, are the Bem Querer hydroelectric plants in Roraima, and Tabajara, in Rondônia.

The president has decided to revive proposals marked by severe environmental issues and controversy over indigenous lands. (Photo internet reproduction)
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These two plants are long-standing ambitions of the electricity sector and have been in the federal government’s plan for many years, including under former presidents Luiz Inácio Lula da Silva and Dilma Rousseff.

However, they have not progressed further, due to the severe environmental impact they may entail, as well as issues related to indigenous lands.

The Bem Querer plant, which has a capacity of 650 megawatts (MW), would flood an area of 519 km², an area larger than the lake created by the controversial Belo Monte plant in Pará, with a total capacity of 11,233 MW². The project does not have an environmental license and directly involves indigenous land.

The Tabajara plant, with 400 MW, would cover 96.3 km² of Amazon rainforest in the region of Machadinho D’Oeste, an area in Rondônia with environmental conservation units. The venture is part of the Eletronorte and Furnas project portfolio, although it also lacks environmental licensing.

The region of Machadinho is among the areas within the Amazon most affected by irregular deforestation and illegal land grabbing. The project, which has been included in the Growth Acceleration Program (PAC) list of projects, has been on the drawing board for years but is not progressing due to environmental licensing issues.

The plans further included a smaller plant, the 140 MW Castanheira hydroelectric plant, which would be built in Mato Grosso. By law, the government cannot erect plants that directly impact indigenous lands or permanent preservation areas.

Between 2003 and 2013, the federal government succeeded in auctioning off large projects in the Amazon. During this decade, plants such as Belo Monte, Jirau, Santo Antônio, São Manoel, Teles Pires, and Colíder were auctioned.

Other enterprises, such as the Tapajós plants, however, did not progress due to their severe environmental impact. The preservation issues were also obstacles to the projects that Bolsonaro now intends to auction.

The government further announced the offer of an area of 10,000 hectares for kaolin exploration, with its auction scheduled to be held next year.

In the package announced by the government, future concessions of national parks were mentioned: Lençóis Maranhenses (Maranhão), Jericoacoara (Ceará), and Iguaçu (Paraná).

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