Venezuela to export energy to Brazil

Brazilian energy firm Âmbar announced its decision to start importing energy from Venezuela in recent weeks, marking the resumption of transactions that had been suspended since 2019.

In an official statement, the company, which belongs to the J&F group, said that the imported energy is completely renewable and offers a saving of 50 % compared to that produced in the northern state of Roraima. This state is not connected to the transmission networks of the rest of Brazil, but it does have connections to Venezuela.

Ambar has the authorization to import up to 120 MWh of energy, which will translate into annual savings of R$1 billion (approximately $200 million) on the electricity bills of residents of the state, according to the company’s estimates.

The source of this energy will be the Guri hydroelectric plant, one of the largest of its kind in the world, which meets much of Venezuela’s energy needs.

The Ministry of Mines and Energy of Brazil has clarified that the authorization has a duration of three months and that one of the conditions is that the imported energy results in a reduction of costs for the State, which currently depends on polluting power plants that produce at a cost of R$ 1,700 per MWh.

K. Tovar

Source: Descifrado

(Image reference source: Matthew Henry, Unsplash)