Generators disapprove new proposal to address hydrological risk
The proposal presented by the Brazilian Electricity Regulatory Agency (Aneel) to resolve the legal battle over the hydrological risk (measured by the GSF factor) was considered a “setback” by generators, Valor has learned. Aneel received on Wednesday representatives from the five companies most exposed to the GSF: AES Tietê, CTG, Enel, Brookfield and Light. The […]
Eletrobras offering stakes in generation, transmission assets
The tight deadline and low rates of return may limit the number of investor interested in Eletrobras’s 71 stakes in generation and transmission assets offered for sale. The slices in the special purpose companies (SPEs) amount to at least R$3.1 billion, and will be auctioned on Thursday on B3. The mostly minority stakes will be […]
Cemig plans to hold auction of wind and solar projects
Cemig, the state-owned power utility of Minas Gerais, announced plans to hold auctions of new wind and solar projects in October. The company wants to rebuild its portfolio to meet demand from unregulated contracts after losing the concession of hydroelectric dams São Simão, Jaguara, Miranda and Volta Grande last year, which totaled about 1,972.5 average […]
BNDES raises equity divestment target this year to R$12bn
Brazilian Development Bank (BNDES) President Dyogo de Oliveira raised the lender’s equity divestment target to R$12 billion from R$10 billion this year. The bank has already shed R$6 billion in stakes, including R$3.7 billion in Petrobras stocks and R$1.4 billion in Eletropaulo stocks. Mr. Oliveira expects the reduction of uncertainty after the electoral period to […]
Eletropaulo attracts more potential buyers
The dispute for Eletropaulo, holder of the largest concession of power distribution in the country, is getting fiercer. Potential bidders were talking with the São Paulo utility’s board, but a proposal made by Energisa Thursday evening of making a public offer put a sense of urgency that the talks still didn’t have.
BNDES still dwarfing capital markets in infrastructure financing
Very few Brazilian infrastructure investments find financing through capital markets. The situation has dragged on for years and persists even after companies restarted issuing bonds and the Brazilian Development Bank (BNDES) begun downsizing.
Neoenergia plans to invest €5bn in Brazil until 2022
Neoenergia, power utility controlled by Spanish group Iberdrola, plans to invest €5 billion in Brazil between 2018 and 2022. Iberdrola CEO Ignacio Galán, chairman of the Brazilian company, says such investment includes new projects, mainly of power generation and transmission, and may increase in case the company makes some acquisition in the country.