The Brazilian government on Tuesday approved the country’s 10-year energy plan, which forecasts total investments of 1.4tn reais (US$370bn).

The planning and development ministry will be responsible for defining criteria, methodology and procedures for the plan, according to a mining and energy ministrystatement.

Published in September, the document forecasts Brazil’s installed power capacity to jump to 206GW from 133GW by 2024.

Oil production is expected to rise to 5.1Mb/d from 2.3Mb/d, while gas natural gas output is projected to climb to 144Mm3/d from 87.4Mmd/d.

Meanwhile ethanol production is seen rising to 43.9Mm3/d from 28.5Mm3/d.

The complete document, in Portuguese, can be seen here.