CPFL, Brazilian Energy Company, Plans to Invest R$ 15.2 Billion by 2025. R$ 13.3 Billion Will Be for Distribution and R$ 1.28 Billion for Generation
CPFL Energia is a comprehensive energy company, with businesses in distribution, generation, electricity trading, and services. The company also operates in hydropower, solar, wind, and biomass, supplying energy to 9.9 million customers. CPFL Energia announced its new investment plan in Brazil, where the company plans to invest R$ 15.2 billion by 2025.
- Andrade Gutierrez with Job Openings in Construction Projects for Engineers, Supervisors, Coordinators, Managers, and Analysts
- Multinational Sodexo with Job Openings for Basic, Technical, and Higher Education Levels in Rio de Janeiro, São Paulo, Macaé, and More, on This Day 27
- Nissan is the Seventh Automaker to Halt Vehicle Production, and the Automotive Industry May Collapse in Brazil
- The New Gas Market Will Create Jobs in the Steel, Chemical, and Infrastructure Sectors, Study Indicates
CPFL Energia Investment Plan
CPFL announced its new investment plan for the next five years, expecting to invest around R$ 15.22 billion by 2025, up from R$ 13.5 billion in the previous plan. The investment estimate for 2021 is R$ 3.4 billion, of which R$ 2.5 billion will be allocated to distribution.
Of the total that the company plans to invest in electricity by 2025, about R$ 13.3 billion of the funding will be allocated to distribution, R$ 1.28 billion for generation, R$ 375 million in transmission, and R$ 278 million in trading.
-
German multinational announces R$ 1 billion investment in Latin America to expand production, modernize factories, develop automotive and industrial technologies, and create direct and indirect jobs – understand Bosch’s strategy
-
War in the Middle East drops international air demand, pressures cargo, and raises an alert about airline fuel.
-
New rule in Desenrola Brasil affects those who engage in online betting: program participants may have their CPF blocked for one year to prevent renegotiation money from ending up in gambling.
-
End of an era: iconic factory closes its doors, leaves dozens of families jobless and causes a domino effect on local businesses.
Company Profits
CPFL Energia reported a net profit of R$ 3.7 billion, an increase of 34.9% compared to the previous year. In 2020, net operating revenue was R$ 30.898 billion, a 3.2% increase. For the year, EBITDA grew 6%, reaching R$ 6.78 billion.
However, as industrial and commercial consumption fell by 5.6% and 10.1%, respectively, sales of electricity for the year dropped by 3.1%. Residential consumption, driven by social isolation, increased by 2.9%.
The CEO of CPFL Energia, Gustavo Estrella, says, “Looking at the closed year, the performance is very positive. The situation we were in during the second quarter, at the beginning of the pandemic, was one of a lot of uncertainty. We saw a recovery in the second half; it occurred in the third quarter and was even stronger in the fourth quarter.”

Be the first to react!