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ARTICLE · 07 SEPTEMBER 2015

Brazilian Power Investment Program (PIEE)

Mayer Brown
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To achieve the goals, the Brazilian Government will carry out at least three energy auctions per year in the modalities A-3, A-5, Alternative Sources and Reserve Energy.

BrazilEnergy and Natural Resources
Alexandre R. Chequer
Alexandre R. Chequer
Débora Yanasse
Débora Yanasse
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Keywords: Brazil, Power Investment Program, PIEE,

On August 11th, 2015, the Brazilian Government announced the Power Investment Program ("Programa de Investimento em Energia Elétrica", or "PIEE"), which foresees investments in the amount of BRL 186 billion in new power generation and transmission projects through public auctions to be held between August 2015 and December 2018.

In relation to the generation segment, the Brazilian Government estimates that BRL 116 billion will be destined to the construction of hydroelectric power plants, small hydroelectric power plants ("PCHs"), wind farms, solar photovoltaic power plants, fossil and biomass (sugarcane bagasse, wood chips and others) and thermoelectric plants, which will result in a supply increase of up to 31,500 MW, of which 26,500 MW will be generated from renewable sources, as detailed in the chart below:

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