15 Mar 2002 – Brazil’s Electrical and Electronics Industry Association, Abnee, has said that electricity, energy and automation generated $7.2bn in revenues in 2001 – 3.8 per cent of the country’s GNP. It predicts an increase this year.
Th electricity generation, transmission and distribution sector contributed $1.9bn, automation segment $500 000, industrial equipment $2.75bn and the electronic installation materials sector $1.96bn.
The association said that increased investment in electricity generation and distribution in 2002, along with modernization of manufacturing industry could lead to further growth this year.
Brazil’s federal government plans to spend $4.27bn in 2002, half of which will be in generation, ten per cent in transmission and 40 per cent in distribution programmes.
Founded in September 1963 Abnee has among its approximate 600 members, small and large Brazilian and foreign companies.