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On July 20, 2018, following a period of public consultation, the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published the tender protocol of the Permanent Offer of areas...

Brazil's electricity sector reform has introduced stringent new requirements for self-production arrangements, mandating minimum demand thresholds and stricter shareholding rules that fundamentally reshape how large consumers can access self-generation structures. As regulatory agencies define implementation guidelines and audit bodies scrutinize cost allocations, the evolving framework creates critical uncertainties for energy-intensive projects like data centers and green hydrogen plants whose economic vi