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Luciano Costa

UPDATE 1-Brazilian power holding Eletrobras confirms firing of 70 workers

12 Feb 2020

SAO PAULO, Feb 12 Brazilian power holding Centrais Elétricas Brasileiras SA confirmed in a statement to Reuters that the company will fire 70 more workers after falling short of its goal of workforce reduction with voluntary severance programs.

Brazil lacks an alternative to criticized Eletrobras privatization plan: sources

23 Dec 2019

RIO DE JANEIRO/SAO PAULO Brazil's government does not have an alternative proposal for the privatization of power holding company Centrais Eletricas Brasileiras SA which appears headed for rejection in the Senate, according to two people with knowledge of the matter.

Vale report blames water level for Brazil mining waste dam disaster

12 Dec 2019

SAO PAULO The deadly collapse of a Vale SA's mining waste dam in Brazil was partially triggered by "a persistently high water level" that caused the structure to lose strength and stability, according to a report by a panel of experts appointed by the company's lawyers.

Brazilian state power firm Copel plans asset sales -CFO

04 Dec 2019

SAO PAULO, Dec 4 Brazilian state power company Companhia Paranaense de Energia plans to sell assets including one hydroelectric dam, a telecommunications subsidiary and a stake in a natural gas distribution company, Chief Financial Officer Adriano de Moura told Reuters on Wednesday.

UPDATE 1-Brazil awards contracts for 2.98 gigawatts of new power projects

18 Oct 2019

SAO PAULO, Oct 18 The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built.

Iberdrola CEO sees improving business environment in Brazil, looks to expand

09 Oct 2019

SAO PAULO Spanish power company Iberdrola SA sees an improving business environment in Brazil and is looking for opportunities to expand, Chief Executive Officer Ignacio Galán told Reuters on Wednesday.

GE investigates new wind turbine collapse in Brazil

05 Sep 2019

SAO PAULO, Sept 5 General Electric Co is investigating the cause of another accident involving wind power equipment it built and installed on a wind farm in Brazil operated by power company Omega, the two companies said on Thursday.

Norway's Statkraft looks to expand in Brazil's renewables: executive

04 Sep 2019

SAO PAULO Norway's power generator Statkraft AS [STATKF.UL] plans to sharply increase its capacity to produce renewable energy in Brazil in the next four to five years, the head of the Brazilian unit, Fernando de Lapuerta, told Reuters.

Norway's Statkraft looks to expand in Brazil's renewables -exec

04 Sep 2019

SAO PAULO, Sept 4 Norway's power generator Statkraft AS plans to sharply increase its capacity to produce renewable energy in Brazil in the next four to five years, the head of the Brazilian unit, Fernando de Lapuerta, told Reuters.

UPDATE 1-Brazil increases quota for tariff-free ethanol imports, but for only one year

02 Sep 2019

SAO PAULO, Sept 2 Brazil has renewed and increased the size of its tariff-free quota for ethanol imports, but the new allotment will last only one year instead of the two years allocated to the former quota that expired on Saturday, according to the country's official gazette.

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