Neoenergia Wins Privatization Auction for CEB Distribution in the Federal District

Written by Valdemar Medeiros

Published on 07/12/2020 at 12:51

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The Brazilian Energy Company Neoenergia Won a Bid on Friday for the Brazilian Distributor CEB in the Federal District, with an Offer of 2.5 Billion Reais (US $ 486.04 Million).

CEB Distribuição supplied electricity to more than three million people in the Federal District in Brasília and will now be transferred to Neoenergia, according to the Spanish energy company. Last year, it provided a total of 6,577 gigawatt-hours.

How Much Was the Investment to Win the Auction in the Federal District? 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 for 100% of the shares issued by CEB-D located in the Federal District. The company has access to the market, as demonstrated in recent years, with very good conditions, and we will do this in the financial market.

The Investment Execution Capacity of Neoenergia as Seen in Coelba (BA), Celpe (PE), Cosern (RN), Elektro (SP / MS) Is Historic!

They invested significant amounts in the Federal District, on the order of R $ 3.5 million per year, both in expansion and improvement of the network and efficiency. Everyone can rest assured that Neoenergia knows what is needed in Brasília, knows the company perfectly, studies extensively, and therefore can offer a price of this magnitude and trusts that they will achieve profitability for their shareholders.

ARTICLE CONTINUES BELOW

About Neoenergia

Neoenergia is a publicly traded company with shares (NEOE3) traded on the São Paulo Stock Exchange. A company of the Spanish group Iberdrola, it has been operating in Brazil since 1997 and is currently one of the leaders in the country’s electric 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 over 14 million customers, representing a population of over 34 million people.

Neoenergia holds 4 GW of generation, with 88% in renewable energies, and has 1 GW under construction through the development of new wind farms. In the transmission segment, it has 679 km of lines in operation and around 5 thousand km under construction.

Neoenergia Wins Privatization Auction for CEB Distribution in the Federal District

The Brazilian Energy Company Neoenergia Won a Bid on Friday for the Brazilian Distributor CEB in the Federal District, with an Offer of 2.5 Billion Reais (US $ 486.04 Million).

Read Also

How Much Was the Investment to Win the Auction in the Federal District? Will It Impact the Company’s Operations in Any Way?

The Investment Execution Capacity of Neoenergia as Seen in Coelba (BA), Celpe (PE), Cosern (RN), Elektro (SP / MS) Is Historic!

About Neoenergia

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Neoenergia Wins Privatization Auction for CEB Distribution in the Federal District

The Brazilian Energy Company Neoenergia Won a Bid on Friday for the Brazilian Distributor CEB in the Federal District, with an Offer of 2.5 Billion Reais (US $ 486.04 Million).

Read Also

How Much Was the Investment to Win the Auction in the Federal District? Will It Impact the Company’s Operations in Any Way?

The Investment Execution Capacity of Neoenergia as Seen in Coelba (BA), Celpe (PE), Cosern (RN), Elektro (SP / MS) Is Historic!

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Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

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