Petrobras Divestments in Thermoelectric and Hydroelectric Plants: State-Owned Company Reports Sale of Stakes in Five Power Plants

Written by Flavia Marinho

Published on 12/09/2020 at 13:37

Petrobras informou venda de fatias em cinco usinas de energia nos estados do Pernambuco, Tocantins, Goiás e Amazonas

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Petrobras Informed Progress on the Sale of Stakes in Five Power Plants in the States of Pernambuco, Tocantins, Goiás, and Amazonas

Petrobras announced last night (09/11) the start of the binding phase for the sale of its stake in five electric power generation plants (thermoelectric and hydropower) located in four states in the country: Pernambuco, Tocantins, Goiás, and Amazonas. Petrobras Put Up for Sale Its Stake in Exploratory Oil Blocks in the Espírito Santo Basin

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The sale concerns the stakes in the companies: Brasympe Energia S.A., Energética Suape II, Termoelétrica Potiguar, Companhia Energética Manauara (CEM), and Brentech Energia.

Petrobras holds a 20% stake in Brasympe and 20% in Suape II, both located in Pernambuco; 20% in TEP, located in Tocantins; 40% in CEM, in Amazonas, and 30% in Brentech, located in the state of Goiás. The plants range from thermal power plants to hydropower plants and have a total installed capacity of nearly 700 megawatts.

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Over the years, Petrobras has been selling a series of assets in an attempt to reduce its debt and focus on the exploration and production of oil in the Brazilian offshore.

“The potential buyers qualified for the binding phase will receive an invitation letter with detailed instructions about the divestment process, including guidelines for conducting due diligence and submitting binding proposals,” said Petrobras in the statement.

About Petrobras’ Stakes in Thermoelectric and Hydroelectric Plants

Petrobras holds:

20% of Brasympe, which in turn owns 60% of Termocabo, which owns a thermal power plant fueled by fuel oil located in Pernambuco.
20% of Suape II, which owns a thermal power plant fueled by fuel oil located in Pernambuco, with an installed capacity of 381.25 MW.
20% of TEP, a holding company that has a 60% stake in Companhia Energética Manauara (CEM) and a 70% stake in Areia Energia and Água Limpa Energia, which own small hydropower plants located in Tocantins.
40% of CEM, which has a dual-fuel thermal power plant (fuel oil and natural gas) located in Amazonas.
30% of Brentech, owner of the Goiânia II Thermal Power Plant fueled by diesel, located in Goiás.

Petrobras Divestments in Thermoelectric and Hydroelectric Plants: State-Owned Company Reports Sale of Stakes in Five Power Plants

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About Petrobras’ Stakes in Thermoelectric and Hydroelectric Plants

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Petrobras Divestments in Thermoelectric and Hydroelectric Plants: State-Owned Company Reports Sale of Stakes in Five Power Plants

Petrobras Informed Progress on the Sale of Stakes in Five Power Plants in the States of Pernambuco, Tocantins, Goiás, and Amazonas

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