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On The Last Day 02, Neoenergia Signed The Purchase And Sale Contract For 100% Of The Shares Of CEB; Purchase Value Will Be Transferred To Brasília Infrastructure
The Bahia Energy Generation, from the Neoenergia Group, signed a purchase contract for CEB – Companhia Energética de Brasília last Tuesday. The Spanish group was the winner of an auction held on the stock exchange in December last year. CEB was sold for 2.51 billion reais. The governor of the Federal District, Ibaneis Rocha, who participated in the ceremony, said he was very happy and calm about the sale. “The resources will be invested where the city needs, which is in infrastructure.”
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The privatization of CEB was essential to increase the cash resources of the company, which has been facing difficulties for many years. The private sector concessions will also provide more investment to offer consumers more efficient and higher-quality services.
Investments:
The investment plan is to modernize and expand the service capacity through the installation of new transformers and the construction of interconnection circuits and high-voltage lines to improve the continuity and reliability of energy supply.
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In the first year, it is estimated that more than 150 line reclosers will be installed, which represents a 50% increase compared to the current installed capacity in the franchise area. The smart devices can identify and isolate defective parts of the network, thereby accelerating recovery in the event of possible interruptions.
Neoenergia’s CEO, Mario Ruiz-Tagle, said that “Neoenergia reinforces its intention to transform CEB-D into a national reference for quality and reliability of energy supply. To this end, the company’s investment plan provides for a robust application of resources in the expansion, modernization, and automation of the power grid. The projected investments for the concession area aim to anticipate future demands, endowing the grid with technology and increasing the capacity for energy distribution.”
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