Overview

• Mining and Energy Minister Alexandre Silveira announced the position during a Chamber of Deputies foreign relations hearing on Wednesday.
• He argued that cheaper electricity would boost competitiveness and attract energy-intensive investments such as data centers.
• The Annex C review, originally due in 2023, remains unresolved with talks led by Brazil’s Foreign Ministry after repeated extensions.
• Itaipu’s Brazilian board launched a transparency portal this year that itemizes the plant’s socio-environmental expenditures.
• These funds currently support health, education, environmental and infrastructure projects in border regions, and Silveira also noted an upcoming meeting with the U.S. energy secretary and the installation of the National Council of Mineral Policy.