RT Journal Article SR Electronic T1 The Twilight Zone in the Brazilian Energy Sector JF The Journal of Structured Finance FD Institutional Investor Journals SP 17 OP 22 DO 10.3905/jsf.2001.320254 VO 7 IS 3 A1 Fernanda C. Alem Freitas A1 Luciano de Freitas YR 2001 UL https://pm-research.com/content/7/3/17.abstract 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.