Requião: While the media discusses Lula's rental agreement, Temer delivers 4 power plants.
Senator Roberto Requião (PMDB) criticized the media this Thursday, the 28th, for turning a blind eye to Michel Temer's sell-out project; "While TV stations discuss Lula's apartment rental receipts, the government is giving away four hydroelectric plants in Minas Gerais to multinational corporations," Requião said on his Twitter page; the senator was referring to the auction of Cemig's hydroelectric plants, sold for R$ 12,1 billion.
Paraná 247 - Senator Roberto Requião (PMDB) criticized the media this Thursday, the 28th, for turning a blind eye to Michel Temer's sell-out project.
"While TV channels discuss Lula's apartment rental receipts, the government is giving away four hydroelectric plants in Minas Gerais to multinational corporations," Requião said on his Twitter page.
The senator referred to the auction of Cemig's hydroelectric plants, sold for R$ 12,1 billion.
Read below the news report from Agência Brasil about the auction:
Hydroelectric power plants operated by Cemig are auctioned off for R$ 12,1 billion.
The federal government raised R$ 12,1 billion with the auction of four hydroelectric plants operated by Companhia Energética de Minas Gerais (Cemig). The auction was held today (27) at Brasil, Bolsa, Balcão (B3), formerly BM&F Bovespa, in the center of the capital of São Paulo.
The first lot, the São Simão hydroelectric plant in Goiás and Minas Gerais, was won by the Chinese group Spic Pacific Energy PTY, the only bid offered, for R$ 7,18 billion, a premium of 6,51%.
The Engie Brasil Minas Geração Consortium won the bid for the second lot, relating to the Jaguara hydroelectric plant in Minas Gerais and São Paulo, for R$ 2,17 billion, a premium of 13,59%.
The Engie Consortium also won the bid for the third lot, the Miranda hydroelectric plant in Minas Gerais, for R$ 1,36 billion, a premium of 22,42%.
The last lot, in Volta Grande, Minas Gerais and São Paulo, was won by Enel Brasil SA, with a premium of 9,84% and a value of R$ 1,4 billion. All contracts have a term of 30 years.
The funds raised will be used by the government to try to balance this year's budget, which is projected to have a deficit of R$ 159 billion.
The winning bidders offered the highest notification value for the concession, respecting the minimum value for each power plant.
Protest
Outside, labor unions protested against the auction. During the event, some demonstrators managed to enter the B3 (Brazilian Stock Exchange) and held up signs opposing privatization. They argued that the auction would hand over national assets to foreigners, which would lead to higher electricity bills.