PT  - JOURNAL ARTICLE
AU  - Fernanda C. Alem Freitas
AU  - Luciano de Freitas
TI  - The Twilight Zone in the Brazilian Energy Sector
AID  - 10.3905/jsf.2001.320254
DP  - 2001 Oct 31
TA  - The Journal of Structured Finance
PG  - 17--22
VI  - 7
IP  - 3
4099  - https://pm-research.com/content/7/3/17.short
4100  - https://pm-research.com/content/7/3/17.full
AB  - As with the California crisis, reports of power shortages in Brazil have been front-page news. This article addresses the causes of the Brazilian energy crisis and possible solutions. It sets forth 1) emergency measures taken by the Brazilian government to address the short-term crisis, 2) proposed changes in sources of power in Brazil for the longer term, and 3) a critique of the existing legal framework for investment and operations in the power sector. Ultimately, the authors conclude that the Brazilian government must provide a more competitive and attractive environment for international project finance in this industry through more transparent and permanent regulations and continued liberalization of restrictions on foreign investment in the sector.