Global Trade Alert
Global Trade Alert

Brazil: BNDES approves financing for the construction of a thermoelectric plant

Announcement

15 Jan 2021

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 3.9 billion to finance the construction of a thermoelectric plant by Geração de Energia SA.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

15 Jan 2021

Revocation date:

No revocation date

State loan In force

On 15 January 2021, the BNDES announced the approval of a BRL 3.9 billion loan (over USD 736.8 million) to Geração de Energia S.A. a joint venture created by Prumo Logística, BP and Siemens, dedicated...

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Local content incentive In force

The FINEM credit scheme is subject to local content incentives. As such, so is the BRL 3.9 billion loan (over USD 736.8 million) to Geração de Energia S.A., granted on 15 January 2021 by the National ...

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