Brazilian firm WEG has bagged an EPC contract to build two solar PV projects of 31.12MW capacity each
being developed by Nordic Power Partners (NPP) at Coremas
The contract includes building a substation and transmission lines for the Coremas I and Coremas II plants
NPP is a joint venture between Danish renewables firm European Energy S/A and Denmark's Climate Investment Fund
Deliveries are expected to start arriving this year and throughout 2018
As part of the project a third project of similar size will also be built by October 2018
bringing the projects' combine capacity to a total 93MW with investments of BRL423 million (US$137 million)
The projects will generate 207MWh per annum
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Emergency aid payments have helped Brazil’s president win support despite the virus raging
But as Brazil counts nearly 5 million Covid-19 cases and more than 147,000 dead
Much of that popularity is down to monthly emergency aid payments of £83 ($108) – or £166 ($217) for single mothers – that about 67 million Brazilians began receiving in April.
Andrade is one of them – and the payments helped change her view of the president
“People said he only thought about himself [but] he’s shown the opposite.” Andrade spoiled her vote in 2018 but said she would now vote for Bolsonaro when he runs for re-election in 2022
View image in fullscreenPeople wait for Covid-19 tests in the Santa Marta favela
Photograph: Pilar Olivares/ReutersBut as Bolsonaro shows no sign of wanting to raise taxes for Brazil’s super rich
he will have to penalise ordinary Brazilians or cut spending
“There’s no magic solution,” said Felipe Salto of the independent fiscal institution
Brazil’s equivalent of the UK’s Office for Budget Responsibility
who lives with her 10-year-old niece in the the Amazon city of Belém
started receiving emergency aid after losing her job as a maid when the pandemic hit
since the £83 monthly payment was halved and rice prices soared
“I don’t know what I am going to do to keep a house with a child … pay for electricity
“There are many families going through what I’m going through in Brazil.”
revised Bolsa Família scheme next year called “Citizen Income” that will include some emergency aid money
just as the Bolsa Família is identified with Lula
Brazil already had a £17bn ($22bn) deficit target before the pandemic hit and it is now expected to soar to more than £125bn – a serious problem for a developing country with a history of hyperinflation and political instability
an economist and founder of the non-profit public spending watchdog Open Accounts
Brazil’s currency, the real, has plummeted, foreign investment flooded out of the country
13 million people are unemployed and markets fret Bolsonaro will take a populist route
spending money his government doesn’t have to ensure re-election
“There is a thin line between a deficit that can be controlled and it getting out of control,” Castello Branco said
He warned that some financial manoeuvres floated by Bolsonaro’s economic team to fund the Citizen Income scheme bordered on “creative accounting” and alleged budget irregularities that, officially at least, drove the controversial impeachment of the leftist president Dilma Rousseff in 2016
said Meirelles: the political opposition’s failure to capitalise on his mistakes
Congress forced it higher, and Bolsonaro reaped the political reward. But now he is stuck with it.
“If the emergency aid does not become public policy like the Bolsa Família, there’s no chance of re-election,” Meirelles said. “It’s almost an issue of survival.”
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2025 at 10:13 AM ESTBookmarkSaveUS consumer prices rose in December by less than forecast
a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will cut interest rates sooner than previously thought
The so-called core consumer price index — which excludes food and energy costs — increased 0.2% after rising 0.3% four straight months
Bureau of Labor Statistics figures showed Wednesday
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