RIO DE JANEIRO, BRAZIL - (REUTERS) Brazil on Monday authorized thermoelectric plants to fire up without contracts for up to six months “on an exceptional and temporary basis” due to the worst drought in almost a century.
The drought has lowered reservoirs and raised concerns about hydroelectric power supplies. The authorization published in the Official Gazette covers all thermoelectric plants, not just gas-powered ones as first planned, and includes other more expensive fuel sources.
The measure will allow thermal plants that do not have contracts for the sale of their power to include fixed costs in the revenue they are . . .
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