Brazil's mines and energy ministry presented the initial guidelines for a program that aims to reduce power generation costs in the Amazon basin.
The program also aims to reduce the carbon footprint of power generated in the Amazon basin.
The government plans to hold public hearings to define the eligibility criteria for projects that can participate in the program.
The program will use funds from the 2022 privatization of power company Eletrobras. The firm transferred R924mn ($166.7mn) to the federal government on 31 January. By law, these funds need to be used to reduce power generation costs and expand power transmission investments in the Amazon basin.
