Congress approves bill that enables the privatization of the national electricity company

The House of Representatives approved the Provisional Measure 1.031/2021, which enables the privatization of Eletrobras, the national electricity company. The bill was amended by the Senate and will now will be forwarded for sanction to the president in the form of a Conversion Bill (PLV 7/2021).

The Bill allows the government to sell its shares of the company, that belongs to the Ministry of Mines and Energy and represents an advance in the anti-State agenda of Economy Minister Paulo Guedes.

Economist Gabriela Chaves said that the privatization can bring a series of problems for consumers, such as the increase in electricity cost in the country.