The new financing that is being structured to serve energy distributors will guarantee the liquidity of the electricity sector, which has been suffering from soaring generation costs, said André Pepitone, general director of Aneel (National Electric Energy Agency), this Wednesday (1st).
Close to being formalized by the government, the financial operation should follow the model of the financing contracted by the electricity sector last year to face the impacts of the pandemic.
This time, the objective of the loan is to reduce the deficit of the flags account and pay for other emergency measures taken during the water crisis, avoiding a strong readjustment in tariffs in 2022.
“The solution to guarantee the sector’s liquidity is this loan. It is not pedaled, we are with a high concentration of cost,” stated Pepitone, during a hearing in a Senate committee to investigate the causes and effects of the hydro-energy crisis.
He was referring to the editorial of the newspaper O Estado de S.Paulo published this Wednesday. He did not comment, however, on the timetable for the operation or the size of the loan.
The funding could reach up to R$15 billion, people with knowledge of the deal told Reuters in October.
Aneel’s director-general also stated that the average increase in energy tariffs in 2022 will be “much lower” than the 21% projection contained in an official Aneel document.
According to Pepitone, the number does not consider tariff management actions that are already on Aneel’s agenda and that should mitigate the average readjustment.
In the list of measures for next year are the anticipation of a contribution of R$ 5 billion in resources from the capitalization of Eletrobras and the reduction in the service of Itaipu’s debt.
Also during the hearing, Pepitone stated that at no time the agency was interfered with by the Ministry of Economy, Ministry of Mines and Energy or the Central Bank.
“We are a State body, independent and autonomous. This (potential interference) is a narrative that is not consistent with reality,” he said.
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