IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state-controlled

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 Oct 2013 | Removal date: 29 Jul 2017
Still in force

State loan

On 29 October 2013, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 268.5 million (USD 123.2 million) allocated to Furnas Centrais Elétricas S.A., a local electricity company controlled by the national conglomerate of Eletrobras. The objective of these resources is to finance the innovation projects of the firm.

The repayment deadline for the credit has been set to 29 October 2017.


FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

171 Electrical energy
2716 Electrical energy. (optional heading)
271600 Electrical energy. (optional heading)

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