The added value of the new Eletrobras hydroelectric power contracts that will be signed with the Union in the privatization process was updated to R$ 67 billion, according to a decision by the CNPE (National Energy Policy Council) on Tuesday (21), the state-owned company said. in a statement.
Initially, the government had estimated the value at R$ 62.47 billion.
With the adjustment carried out, the concession bonus that will be paid to the Union in the privatization increased to R$ 25.3 billion, against R$ 23.21 billion previously foreseen.
The transaction values ​​that will be allocated to the CDE (Energy Development Account) rose from BRL 29.78 billion to BRL 32 billion.
The change in values ​​is due to the recommendations of the TCU (Tribunal de Contas da União), which started a first analysis of the privatization of the state-owned company last week.
The main change in the calculation of added value is in the future price of energy considered in the economic-financial model, which went from BRL 155 per megawatt-hour (MWh) to BRL 172.14 per MWh.
The new values, however, are not yet definitive. “Given that there has not yet been a statement by the Court of Auditors, substantiated in an agreement, the values ​​approved can still be changed”, informs the document disclosed by the company.
In a hearing on the 15th, the rapporteur of the company’s privatization process at the TCU, Minister Aroldo Cedraz, indicated that the government should make adjustments in calculations involving the added value of the state-owned contracts.
Calculations shown by the minister indicated that the values ​​associated with privatization could decrease with the renegotiation of the hydrological risk, but would rise with the change in the long-term energy price.
The progress of the court process ended up being paralyzed by Minister Vital do Rêgo’s request for views, but the ministers allowed the government and the CNPE to continue with the next stages of privatization.
According to the TCU ruling, the effectiveness of concrete measures and the signing of concession contracts are subject to the assessment of the privatization merits by the court, which will reanalyse the case in 2022.
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