In a meeting with ministers of the court, Levy asked agility in the process of assessing that locks the renewal of contracts (Evaristo Sa / AFP)
The finance minister, Joaquim Levy, asked the Court of Audit (TCU) to release the government as soon as possible to renew the concessions of power distribution. The goal is to get extra revenue of at least 21 billion reais, which would help close the public accounts this year and also help to improve the result in 2016.
At a meeting with court ministers on Thursday of last week, Levy asked agility in the process of assessing that locks the renewal of contracts. Participants included the president of the court, Aroldo Cedraz, and the minister José Múcio Monteiro, author of injunction that suspended the extension of the concessions and several auditors.
After Levy appeal, TCU scored for Wednesday hearing on the case. The technical area of the court initially resistant, must give way to the main claims of the government.
The government does not intend to charge granting the extension of contracts of these companies.However, expect the TCU green light so you can sell CELG-D distributor, a business that can yield 8 billion reais. The amount would be divided between Eletrobras, which has 51% of the shares, and the Goias government, with 49%.
The Union intends to privatize CELG-D until the second half of November, so that part of the funds and taxes involving the operation still to come this year.
CELG-D is one of the distributors whose concession contracts won on July 8 this year. The company continues to meet consumers normally. But before you can sell your control, the signing of an addendum to extend the concession agreement the company for over 30 years is required. As the process involves a lot of red tape, as approved by the assembly, the government runs out of time to enable the privatization.
The electricity companies are also potential buyers of the old hydroelectric plants that the government intends to auction in October. In this tender, the Union wants to raise 17 billion reais. The problem is that the distribution companies will only be able to participate in this contest if they obtain bank financing. The renewal of contracts would be the collateral for these loans.
