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The Nova Participações Group, Controller of Nova Engevix, Anticipates Completion of the São Roque Power Plant and Plans to Resume Negotiations with Petrobras
The company Nova Engevix, controlled by the Nova Participações Group, is working to leave the past behind and fully return to its business. In an interview with Petronotícias, José Antunes Sobrinho, a shareholder of the holding company, stated that one of the company’s priorities is the completion of the works at the São Roque Power Plant in Santa Catarina and the resumption of business with Petrobras.
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In order to secure the necessary resources for the completion of the power plant works, Nova Engevix is awaiting the conclusion of a coordinated movement led by the investment bank Arctic Securities.
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According to José Antunes, “The operation, which consists of the issuance of debentures by the Norwegian institution, involves a total of US$ 90 million in issued debts.” José went on to say that the company is “renegotiating debts with BNDES and the Regional Development Bank of Southern Brazil (BRDE).” As for the oil and gas sector, the businessman said that thanks to a recently signed leniency agreement, Nova Engevix will be able to operate with Petrobras “in the near future.”
According to some excerpts from the interview publication by Petronotícias, the businessman answered some questions, which you can check below.
Can you reveal when the works at the UHE São Roque will be resumed and how the company will raise the R$ 380 million needed?
“The works are expected to resume at the end of March and beginning of April this year, contingent on the success of an operation to raise funds coordinated by the investment bank Arctic Securities. The operation, which consists of the issuance of debentures by the Norwegian institution, involves a total of US$ 90 million in issued debts.”
What are the Nova Group’s plans for the oil and gas market? Do they intend to take any initiatives in this segment?
The plans pertain to the Judicial Recovery Plan of the Shipyard and actions aimed at its operational resumption.
The company is still prohibited from being contracted by Petrobras. But are there already measures in progress or being planned to remove the company from this list?
With the recently signed leniency agreement, we will be able to operate with Petrobras in the near future. We are a safe Group for doing business with Ethics and serious Governance.
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