TY - JOUR T1 - The Twilight Zone in the Brazilian Energy Sector JF - The Journal of Structured Finance SP - 17 LP - 22 DO - 10.3905/jsf.2001.320254 VL - 7 IS - 3 AU - Fernanda C. Alem Freitas AU - Luciano de Freitas Y1 - 2001/10/31 UR - https://pm-research.com/content/7/3/17.abstract N2 - 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. ER -