North East Brazil will benefit from the new thermal-electric power plant
Thursday, June 11, 2009
Brazilian property investors will benefit from the construction of a new thermal-electric power plant which has been approved in the north east part of Brazil.
The Brazilian Development Bank (BNDES) announced that the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais by the BNDES.
The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The new plant should start operating in 2012. This project is also expected to boost the property market in the region.
According to the press release by the BNDES, the new thermal electric mill should implement technologies for clean production, using coal as a fuel, with the aim of reducing environmental impact and emission of polluting gas.
According to the country's finance minister Guido Mantega, Brazil has already begun its recovery and will grow by between three and four per cent next year, the Wall Street Journal reports. The Latin American country is continuing to invest in measures that could increase its self-sufficiency and therefore encourage its economy to grow towards developed status.
Agriculture minister Reinhold Stephanes said this week that the Brazilian government is to increase lending to farmers by as much as 38 per cent this season in a bid to avoid problems accessing credit that have blighted businesses in the western world.
Meanwhile, a survey carried out by PricewaterhouseCoopers (PwC) found that even though much of the world saw a decline in mergers and acquisitions, the Operations in Brazil's ironworks industry grew by 52 per cent. The country produces a quarter of the world's iron ore output and Brazilian government is aiming to capitalize on its wealth of natural resources in order to achieve self-sufficiency and status as a developed country.
Social BookmarkingThe Brazilian Development Bank (BNDES) announced that the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais by the BNDES.
The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The new plant should start operating in 2012. This project is also expected to boost the property market in the region.
According to the press release by the BNDES, the new thermal electric mill should implement technologies for clean production, using coal as a fuel, with the aim of reducing environmental impact and emission of polluting gas.
According to the country's finance minister Guido Mantega, Brazil has already begun its recovery and will grow by between three and four per cent next year, the Wall Street Journal reports. The Latin American country is continuing to invest in measures that could increase its self-sufficiency and therefore encourage its economy to grow towards developed status.
Agriculture minister Reinhold Stephanes said this week that the Brazilian government is to increase lending to farmers by as much as 38 per cent this season in a bid to avoid problems accessing credit that have blighted businesses in the western world.
Meanwhile, a survey carried out by PricewaterhouseCoopers (PwC) found that even though much of the world saw a decline in mergers and acquisitions, the Operations in Brazil's ironworks industry grew by 52 per cent. The country produces a quarter of the world's iron ore output and Brazilian government is aiming to capitalize on its wealth of natural resources in order to achieve self-sufficiency and status as a developed country.
Labels: Infrastructure
