Eletrobras Light for All Program is extended for another year

Eletrobras will continue to manage the Luz para Todos and Mais Luz para amazon, on the initiative of the Ministry of Mines and Energy, for the next 12 months. After this period, the program will be managed by the Brazilian Company of Participations in Nuclear and Binational Energy (Enbpar).

This action, according to the MME, is for the transition to be safe and adequate and not to harm program beneficiaries. In this way, they will keep Eletrobras for another period. Eletrobras, while it was still a state-owned company, was in charge of managing these programs. Now, after its privatization, Enbpar was created to guarantee the maintenance of the program.

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In addition, the Ministry declared that it not only intends to continue with the project but also to reform it, so that an even larger portion of the population can benefit from electricity services.

understand the transition

According to Rodrigo Limp, executive vice-president of Regulation and Institutional Relations at Eletrobras, while the company belonged to the State, it was responsible for managing all programs involving government electricity, including Luz para Todos and Mais Luz para a Amazon.

However, with the privatization, there was a 12-month proposal for the transfer of management could happen – for adjustments, training, knowledge and information transfers to the soak. However, the period passed and all programs were transferred, with the exception of MLA and Luz para Todos.

To this end, the Ministry of Mines and Energy opened an ordinance extending the transfer for the same period of 12 months. Eletrobras approved the measure with 95% of its Board of Shareholders.

Eletrobras privatization project

Since 2022, the company is no longer majority formed by the Union – which, before, had 72.22% of the votes. Currently, the Federal Government owns only 45% of Eletrobras.

After the privatization process, however, the company was responsible for injecting resources into some programs, such as the revitalization of hydrographic basins and also the decarbonization of the Amazon. In this way, Eletrobras will inject around BRL 1 billion per year, until 2032.

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