Eletrobras

Eletrobras (Portuguese pronunciation: [eˌlɛtɾoˈbɾas], full name: Centrais Elétricas Brasileiras S.A.) is a major Brazilian electric utilities company. The company's headquarters are located in Rio de Janeiro.

Centrais Elétricas Brasileiras S.A.
Sociedade Anônima
Traded asB3: ELET3
NASDAQ: EBR
Latibex: XELTO
ISINBRELETACNOR6 
IndustryElectricity
Founded1962 (1962)
Headquarters
Rio de Janeiro
,
Brazil
Key people
Wilson Ferreira Júnior (CEO)
José Luiz Alquéres (Chairman)
ProductsElectrical power
ServicesElectricity distribution
Electric power transmission
Electric power generation
Revenue US$ 11.4 billion (2017)
- US$ 512.0 million (2017)
OwnerBrazilian Government (52%)
Number of employees
25,809
Websiteeletrobras.com

It is Latin America's biggest power utility company, tenth largest in the world, and is also the fourth largest clean energy company in the world. Eletrobras holds stakes in a number of Brazilian electric companies, so that it generates about 40% and transmits 69% of Brazil's electric supply. The company's generating capacity is about 51,000 MW, mostly in hydroelectric plants. The Brazilian federal government owns 52% stake in Eletrobras, the rest of the shares are traded on BM&F Bovespa. The stock is part of the Ibovespa index. It is also traded on the Nasdaq Stock Market and on the Madrid Stock Exchange.


History

Eletrobras was established in 1962 during João Goulart's presidency.

Operations
The Itaipu Dam at night - The world's largest hydroelectric plant by energy generation and second-largest by installed capacity

Eletrobras is an electric power holding company. It is the largest generation and transmission company in Brazil. Through its subsidiaries it owns about 40% of Brazil's generation capacities and controls 69% of the National Interconnected System.[1]

Eletrobras stands as the biggest company of the electric power sector in Latin America.

Subsidiaries

Among Eletrobras' subsidiaries, there are generation and transmission companies.

Eletronorte S.A.
Private, subsidiary of Eletrobras
IndustryPower generation
Founded1973 (1973)
Headquarters
Brasilia
,
Brazil
ProductsElectrical power
ServicesElectricity distribution
Number of employees
3,655
Websitewww.eln.gov.br

Eletronorte (Centrais Elétricas do Norte do Brasil S.A.) is responsible for the power generation, transmission and distribution in the states of Amazonas, Pará, Acre, Rondônia, Roraima, Amapá, Tocantins and Mato Grosso.

Eletropar S.A.
Subsidiary
IndustryPrivate equity
Founded1995
HeadquartersRio de Janeiro, Brazil
Revenue US$ 98.0 Million (2010)
US$ 13.6 Million (2010)
Total assets US$ 152.4 Million (2011)
Number of employees
230
Websitewww.eletrobraspar.com

Eletrobras Eletropar acts in participations of other energy companies.

CHESF S.A.
Subsidiary
IndustryUtilities
Founded1948
HeadquartersRecife, Brazil
Key people
Sinval Zaidan Gama (CEO)
ProductsElectricity generation
Number of employees
4,427
ParentEletrobras
Websitewww.chesf.gov.br

CHESF (Companhia Hidro-Elétrica do São Francisco; São Francisco's Hydroelectric Company) generates and transmits electric power from hydroelectric plants to all of the cities in northeast of Brazil. It owns 14 hydroelectric energy plants and 1 thermoelectric energy plant.[3] Sinval Zaidan Gama was made CEO in January 2017.[4]

The main source of energy is the São Francisco River.

Eletrobras CGTEE S.A.
Subsidiary
ISINBRELETACNOR6 
IndustryElectricity
Founded1997 (1997)
Headquarters
Porto Alegre
,
Brazil
Key people
Sereno Chaise (CEO)
Number of employees
700
ParentEletrobras
Websitewww.cgtee.gov.br

Eletrobras CGTEE is a Brazilian power company created on July 11, 1997. It is active in the state of Rio Grande do Sul.[5]

International activities

Eletrobras was authorized by Act 11.651, sanctioned on April 7, 2008, to operate abroad as an investor in the power sector, by means of consortiums and/or specific purposes companies; it may also have control on enterprises. In order to coordinate this operation, it was created the Superintendence of Operations Abroad, which will operate following the guidelines of its board of directors.

For this first period, the Superintendence of Operations Abroad has set forth the priorities as follows:

1) Interconnect new sources of energy in Latin America with the Brazilian power system; 2) Promote the energetic integration between Brazil and the countries of Latin America; and 3) Prospect opportunities for investment in power energy in other countries to benefit the Brazilian economy by generating new markets for the goods and services suppliers segment.

The Superintendence of Operations Abroad has been developing negotiations with several countries in Latin America and Africa:

  • Angola and Namibia – Feasibility Studies of the AHE from Baynes, located in the Cunene River, in the border between the two countries;
  • Argentina – AHE Binacional de Garabi;
  • Costa Rica – Technical Cooperation Agreement under analysis;
  • Nicaragua – Appraisal of AHEs from Boboke and Tumarim;
  • Peru – Analysis of feasibility for use of 15 AHEs, totalizing 20,000 MW;
  • Uruguay - New transmission lines expanding the already existing electric interconnection between the southern part of Brazil and Uruguay;
  • Venezuela – Studies for interconnection with the purpose of having an electric interchange between the two countries.

With Bolivia, Colombia, China, Ecuador, El Salvador, Guinea Bissau, Guyana, Morocco and Nigeria the contacts are in their initial phase.

List of current and former CEOs
Took office in CEO #
1962 Paulo Richer 1º
1964 José Varonil de Albuquerque Lima 2º
1964 Octavio Marcondes Ferraz 3º
1967 Mario Penna Bhering 4º
1975 Antonio Carlos Magalhães 5º
1978 Arnaldo Rodrigues Barbalho 6º
1979 Maurício Schulman 7º
1980 José Costa Cavalcanti 8º
1985 Mario Penna Bhering 9º
1990 José Maria Siqueira de Barros 10º
1992 Eliseu Resende 11º
1993 José Luis Alquéres 12º
1995 Mario Fernando de Melo Santos 13º
1995 Antônio José Imbassahy da Silva 14º
1996 Firmino Ferreira Sampaio Neto 15º
2001 Cláudio Ávila da Silva 16º
2002 Altino Ventura Filho 17º
2003 Luiz Pinguelli Rosa 18º
2004 Silas Rondeau Cavalcanti Silva 19º
2005 Aloísio Marcos Vasconcelos Novais 20º
2006 Valter Luiz Cardeal de Souza 21º
2008 José Antonio Muniz Lopes 22º
2010 José da Costa Carvalho Neto 23º
2016 Wilson Ferreira Júnior 24º
gollark: Unlike certain macrons.
gollark: osmarkslisp™ isn't vaporware, it's the lisp I implemented for code guessing. It exists right now, works (ish) and is usable.
gollark: It needs an utter computer algebra system.
gollark: Maybe it should support hexadecimal literals.
gollark: ++remind 02101h Dvorak

References
  1. OECD Reviews of Regulatory Reform: Brazil 2008 Strengthening Governance for Growth. OECD Reviews of Regulatory Reform. OECD. 2008. p. 85. ISBN 9789264042933.
  2. http://www.eletronet.com/
  3. "Companhia Hidro Elétrica do São Francisco: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2016-11-28.
  4. "José Carlos De Miranda Farias: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2016-11-28.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.