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Brazilian energy company Neoenergia on Friday won an auction for Brazilian utility CEB do Distrito Federal, with an offer of 2,5 billion reais ($486,04 million).
CEB Distribuição distributed electricity to more than three million people in the Federal District of Brasilia and will now be passed on to Neoenergia, according to the Spanish energy company. Last year it provided a total of 6.577 gigawatt hours.
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How much was the investment to win the Federal District auction? Will it impact the company's operations in any way?
Neoenergia invested more than R$ 2,5 billion to win the auction in the Federal District, which represents the acquisition price of 100% of the shares issued by CEB-D located in the Federal District. The company has market access, as demonstrated in recent years, with very good conditions and we will do this in the financial market.
Neoenergia's ability to execute investments, which can be seen in Coelba (BA), Celpe (PE), Cosern (RN), Elektro (SP / MS), is historic!
Significant amounts were invested in the Federal District, on the order of R$3,5 million per year, both in expansion and in improving the network and efficiency. Everyone can be sure that Neoenergia knows how to do what is needed in Brasilia, they know the company perfectly, they study a lot and, therefore, can offer a price of this magnitude and trust that they will be profitable for their shareholders.
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About Neoenergia
Neoenergia is a publicly-held company whose shares (NEOE3) are traded on the São Paulo Stock Exchange. Company of the Spanish group Iberdrola, operates in Brazil since 1997 and is currently one of the leaders in the country's electricity sector. With a presence in 18 states, its businesses are divided into the areas of generation, transmission, distribution and commercialization of energy. Its distributors, Coelba (BA), Celpe (PE), Cosern (RN), Elektro (SP / MS), serve more than 14 million customers, representing a population of more than 34 million people.
Neoenergia has 4 GW of generation, 88% of which comes from renewable energies, and has 1 GW under implementation through the construction of new wind farms. In the transmission segment, it has 679 km of lines in operation and around 5 km under construction.
