By Brazil Stock Guide – Eneva SA (ENEV3) secured approval from Brazil’s Ministry of Mines and Energy to classify its planned natural gas liquefaction unit in Maranhão under the REIDI infrastructure incentive program, according to an ordinance published Tuesday (10).
The REIDI framework allows the company to purchase new machinery and equipment, as well as construction materials and related services, without the incidence of PIS/Cofins taxes, lowering the overall cost of the project.
Government estimates published in the official gazette show the investment would exceed R$1 billion when including taxes on goods and services. With the REIDI classification, the projected cost falls to about R$930 million.
The facility will be built in Santo Antônio dos Lopes, in Maranhão state, and is designed to include a pre-treatment system with capacity of 600,000 normal cubic meters per day. The project will also feature two liquefaction trains, each with capacity of 300,000 normal cubic meters per day.
The natural gas supply will come from the Parnaíba Complex gas treatment unit, located across from the planned site.
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