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The Sale Of The Gas-Powered Power Plant Of Araucária (UEGA) Was Confirmed By Petrobras And Copel, Which Own Respectively 18.8% And 20.3% Of The Company
More movements in the oil and gas sector, this time Petrobras and Copel, both holders of percentages in the Gas-Powered Power Plant of Araucária (UEGA), decided to privatize the plant located in the Metropolitan Region of Curitiba. According to sources from Petrobras, 100% of the capital of the plant will be sold.
As a “justification” for the sale, Copel stated that the privatization of the plant is related to its decarbonization project in oil and gas generation and also strengthens its project to be a sustainable company.
Petrobras asserts that this sale complies with Petrobras’ internal regulations and is also aligned with the special regime for asset divestment. Furthermore, the company stated that the sale also aims at optimizing Petrobras’ portfolio and improving the company’s capital allocation.
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The Privatization Of Copel
News Announced In November
The privatization of the Gas-Powered Power Plant of Araucária had already been announced in November by the Government of Paraná, which is the majority shareholder of Copel. The announcement stated that it aimed to transform Copel into a company without a controlling shareholder, as the State has already approved such a decision, renouncing the majority of the shares. The approved law also authorizes the State to privatize Copel’s subsidiaries.
The plant that will be sold is a partnership between Petrobras and Copel, where natural gas is generated through the combined cycle, with two gas turbines and one steam turbine, and is located near the GASBOL plant, a gas pipeline from Bolivia. The plant started operating in 2002, with a total capacity of 484 MW.
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