Brazil lags behind the BRICS (Brazil, Russia, India, China and South Africa) nations in terms of the cost per kWh delivered.
This post addresses a key cost factor that sets Brazil apart from South Africa, China, India, and Russia: interest rates.
Expanding the power sector—an industry that is highly capital-intensive—is essentially a matter of amortizing investments (a process that, in Brazil, must also account for a host of "extra costs" unique to our country).
In "normal" countries, the internal rate of return required for calculating investment amortization is significantly lower than it is in Brazil.
So what?
In financial engineering terms, this means that the amortization of capital expenditure ("capex") for a project in Brazil is significantly HIGHER than it would be in "normal" countries.
Consequently, we are, in essence, UNCOMPETITIVE.