HYDRO BUSINESS GEOGRAPHY:
DOI:
https://doi.org/10.22478/ufpb.1982-3878.2026v20n1.72574Abstract
This article analysed the elements related to the hydro business expansion in Mato Grosso highlighting enterprises placed in the Teles Pires river basin aiming to investigate these infrastructures within the policies of the Brazilian electricity sector, as also to understand how does this process is operationalized in this historical area of agro-hydro-mineral boundaries expansion and then been able to identify the specificities of the occupation of this large space in the countryside of Brazil. This reality is established mainly due to the gradual processes of neoliberalization insofar as financialization rises as a systemic pattern of wealth in contemporary capitalism and tends to penetrate different activities of economic life. For this reason, it is pointed out that financialization acting as a backdrop attached to sectoral policies denotes important processes at the core of functional changes in Mato Grosso State, while revealing crucial modifications in the use of territory and in the protagonism of economic agents, considering the rounds of neoliberalization of the electricity sector. As a result of this called neoliberalization rounds in the early 2000s there was a hydro business expansion attached to new ways of sharing between State and Capital, especially when comes to the intersection with sectors of financial capital thus establishing a systemic pattern that emerges as an important sector for directing surplus capital due to the corporate environments created in State institutions. In conclusion the hydro frontiers of capital emerge as a synthesis of the current pattern of capital reproduction, under which territorial resources are placed in the most distant circuits, through the control of shareholders of different investment funds and large institutions, as occurs in the projects in the Teles Pires River Basin.



