Global Infrastructure SherpaBrazil's Ministry of Mines and Energy to hold capacity reserve auctions for thermal power plants, including Petrobras' 2.9 GW assets
2.9 GW
Capacity
Brazil's Ministry of Mines and Energy is preparing to hold capacity reserve auctions this month, which will include the recontracting of approximately 2.9 GW of thermal power plants owned by Petrobras. Petrobras also has a new project that will be part of these auctions, indicating a significant government initiative to secure power generation capacity. The auctions are a key mechanism for the Brazilian government to ensure energy supply and stability.
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Counterparts (2)
Developer
Petrobras
Petrobras is a Brazilian state-owned oil and gas major involved in the exploration, production, refining, and distribution of petroleum, natural gas, and derivatives. With a significant presence across Brazil, the company is actively expanding its focus on energy transition initiatives, including renewable fuels and nature-based solutions.
Ministry of Mines and Energy
The Ministry of Mines and Energy (MME) of Brazil is a federal government body responsible for formulating and implementing national policies for the energy, mining, and mineral transformation sectors. It oversees the planning, regulation, and promotion of infrastructure development across these critical areas within Brazil.
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Brazil's Ministry of Mines and Energy is gearing up for capacity reserve auctions this month, a direct move to bolster the nation's energy security. These tenders will notably include the recontracting of 2.9 GW of thermal power plants already held by state-owned oil and gas major Petrobras. Petrobras, known for its extensive presence in petroleum and natural gas, also has a new project slated for these auctions. This government-led initiative underscores a proactive strategy to stabilize Brazil's power generation capacity, leveraging existing assets and new developments in gas technology.
- Brazil's MME launching capacity reserve auctions this month.
- 2.9 GW of existing Petrobras thermal assets to be recontracted.
- Petrobras also has a new project included in the auctions.
- Focus on gas technology to ensure energy supply and stability.
Timeline
Announced
Mar 11, 2026
Signed
Closed
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