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[1/6] A man works on a pole to restore electricity after a storm knocked down power cables in Sao Paulo, Brazil November 6, 2023. REUTERS/Carla Carniel Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Half a million residents of Sao Paulo remained without electricity on Monday three days after a storm knocked down power cables, leaving much of Brazil's largest city in the dark. The storm snapped branches and knocked down hundreds of trees that fell on overhead power lines in many streets of the city, initially cutting off 2.1 million customers in Metropolitan Sao Paulo, energy distribution company ENEL said. But what is shocking is that year after year there is not enough investment in burying the power cables. Reporting by Camila Moreira, Alberto Alerigi and Leticia Fucuchima in Sao Paulo; Anthony Boadle in Brasilia; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carla Carniel, Sao Paulo, ENEL, Denilson Laurindo, Thiago Gonzalez, Gonzalez, Flavio Dino, Alexandre Vieira Monteiro, Camila Moreira, Alberto Alerigi, Leticia Fucuchima, Anthony Boadle, Jonathan Oatis Organizations: REUTERS, SAO PAULO, Metropolitan Sao Paulo, Sao Paulo, Friday, Brazil's, Thomson Locations: Sao Paulo, Brazil, Sao, Brazil's, Metropolitan Sao, Morumbi, Brasilia

☆ Brazil govt pushes Congress to approve 'green' bills before COP28
▼ + stars: | 2023-08-18 | by ( Leticia Fucuchima | ) www.reuters.com time to read: +3 min

[1/2] A view of a wind farm is seen in the city of Osorio, in southern Brazil, November 30, 2007. Rollemberg said the government-sponsored bills would be focused on four main topics: establishing a new carbon market, regulating offshore wind power, launching the "Fuel of the Future" project and regulating green hydrogen. That bill might be submitted to Congress as early as next week, the secretary said. It's more than enough time for Congress to pass all the bills," Rollemberg said. The South American nation is set to host the U.N. climate talks in 2025 in the Amazonian town of Belem.

Persons: Jamil Bittar, Rodrigo Rollemberg, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Rollemberg, Leticia Fucuchima, Gabriel Araujo, Marguerita Choy Organizations: REUTERS, Rights, Boeing, SAO PAULO, Reuters, United Nations, SAF, Thomson Locations: Osorio, Brazil, BRAZIL, Dubai, Belem

☆ Brazil's Light unveils proposal to restructure $2.3 billion of debt -filing
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, July 15 (Reuters) - Rio de Janeiro-based electricity distributor Light SA (LIGT3.SA) has submitted a plan to restructure about 11 billion reais ($2.30 billion) of debt, according to a securities filing late on Friday. Light said it will seek to raise at least 1 billion reais ($209 million) of new funds as part of its reorganization plan. There is also a provision to convert unsecured debt into equity in the proposed restructuring. Another payment option involves the issuance of new debt securities to unsecured creditors, to be placed with a 20% discount on face value. Light would repay the principal on such new debt securities in 15 years, including a five-year waiting period.

Persons: Ana Mano, Letícia, Matthew Lewis Organizations: SAO PAULO, Light SA, Sao Paulo, Thomson Locations: Rio de Janeiro, Sao

☆ Brazil's Energisa wins Espirito Santo gas firm at privatization auction
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, March 31 (Reuters) - Brazilian energy company Energisa Transmissao de Energia SA (ENGI11.SA) won ownership of natural gas firm ESGas at a privatization auction on Friday, buying stakes from the state government and Vibra Energia (VBBR3.SA). Energisa offered 1.42 billion reais ($280 million) for Companhia de Distribuiçao de Gas do Espirito Santo, as it is formally known, marking a 7.28% premium from its minimum fixed grant value. ESGas is responsible for the distribution of piped natural gas to more than 60,000 consumer units in the southeastern state of Espirito Santo, with residential, commercial, industrial, automotive, air conditioning and thermoelectric businesses. ($1 = 5.0744 reais)Reporting by Letícia Fucuchima; Writing by Carolina Pulice; Editing by Giles Elgood Editing by Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.

SAO PAULO, Jan 10 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) is investigating whether the collapse of two transmission towers is related to anti-government riots on Sunday after finding signs of sabotage, according to two people familiar with the probe. The towers - one of which fell on Sunday and the other in the early hours of Monday - were operated by Eletrobras subsidiaries Furnas and Eletronorte. Eletrobras, the mines and energy ministry and regulatory agency Aneel have set up a crisis committee to monitor potential threats to Brazil's power grid, according to a third source. A third tower operated by power transmission company Evoltz also collapsed, according to a report by Brazil's National Electric System Operator (ONS) on Tuesday. Eletrobras, Furnas and Evoltz did not immediately respond to requests for comment.

☆ China's Goldwind to manufacture wind turbines in Brazil
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

Companies Xinjiang Goldwind Science & Technology Co Ltd FollowSAO PAULO, Oct 19 (Reuters) - China's Goldwind (002202.SZ) is in advanced talks to install a wind turbine factory in Brazil with deliveries expected to start in 2024, an executive said on Wednesday. The plant, whose location is not yet defined, will serve the Brazilian market, but may also export equipment to other countries in South America, according to Roberto Veiga, general manager of Goldwind in Brazil. "We will start offering this turbine on the market already in mid-2023," Veiga told journalists in a wind industry event, adding that the first deliveries should start in 2024. In recent years, the Chinese company began supplying its turbines to wind projects in Brazil but has been fulfilling these contracts through imports. Register now for FREE unlimited access to Reuters.com RegisterReporting by Leticia Fucuchima; Writing by Peter Frontini; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

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