Global Trade Alert
Global Trade Alert

Brazil: BNDES provides BRL 1.5 billion loan for the construction of a natural gas thermoelectric plant

Announcement

07 Nov 2023

In November 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) provided a loan to the Brazilian subsidiary of New Fortress Energy.

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

07 Nov 2023

Revocation date:

No revocation date

State loan In force

On 7 November 2023, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 1.8 billion (USD 369.8 million) loan to the Brazilian subsidiary of New Fortress Energy. ...

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Local content incentive In force

The BNDES FINEM credit line is subject to local value-content incentives. As such, so is the BRL 1.8 billion (USD 369.8 million) to the Brazilian subsidiary of New Fortress Energy, granted on 7 Novemb...

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