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Petrobras Signs Contract to Sell Electric Power Companies in the North and Northeast

Written by Roberta Souza
Published on 31/07/2021 at 18:39
Petrobras - usina - termelétrica - Amazonas
Fachada da Petrobras/ Fonte: G1
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Petrobras Sold Its Stakes in Electric Power Companies to Global Participações, 20% in Termelétrica Potiguar and 40% in Companhia Energética Manauara

Petrobras announced in a market communication on Thursday, July 29, that it signed contracts for the sale of its 20% stake in Termelétrica Potiguar and 40% in Companhia Energética Manauara to Global Participações Energia, through its subsidiaries GFT Participações and GFM Participações, respectively. See also: Petrobras Signs Contract for Sale of Stake in Gaspetro to Compass for R$ 2.03 Billion

The Sale of Stakes in Electric Power Companies

The total value of the transactions is R$ 160.3 million, with R$ 81.3 million for TEP and R$ 79 million for CEM, to be paid upon closing of the transactions, subject to adjustments provided for in the contracts. This operation is aligned with Petrobras’ portfolio optimization strategy and the improvement of capital allocation, aiming for value maximization.

In the announcement, Petrobras emphasizes that such operations are subject to the fulfillment of precedent conditions, such as the approval of the Administrative Council for Economic Defense (CADE). This market disclosure is in accordance with Petrobras’ internal regulations and the special regime for divestment of assets by federal mixed economy companies, as provided for in Decree 9.188/2017.

About the Company that Purchased Petrobras’ Electric Power Assets

TEP is a holding company controlled by GPE, which owns 80% of the capital, and has direct equity stakes in the companies Areia Energia and Água Limpa Energia, owners of small hydroelectric plants located in Tocantins, with installed capacities of 11.4 MW and 14.0 MW, respectively.

GPE (Global Participações Energia) has been active since 2001 in the electric power generation segment, controlling seven plants in the States of Rio Grande do Norte, Amazonas, Tocantins, and Bahia. GPE recently signed a contract with Petrobras for the purchase of three more thermoelectric plants located in the Industrial Pole of Camaçari, Bahia.

Check Also: In Macaé, Petrobras Announces It Will Invest R$ 24 Million in Porto de Imbetiba by 2022

On Thursday (07/29), Petrobras announced that it will make investments of R$ 24 million in Porto de Imbetiba, in the city of Macaé, in the State of Rio de Janeiro. Brazil’s largest oil company also states that this investment will be directed toward the modernization and renewal of infrastructure. Petrobras has also contracted and mobilized large equipment to support these projects.

This injection of resources aims to enhance the logistical support at Porto de Imbetiba to assist in the routine and anchoring projects of Petrobras’ platforms. These investments generate returns for society through job generation, encouragement of the activities of other companies, and consequent tax collection. One of Petrobras’ own port installations, Porto de Imbetiba, in the city of Macaé, has three piers and six berths, and currently performs around 115 dockings per month. Post-pandemic, this number is expected to reach 150 dockings/month.

To support underwater projects, the port is now using three large cranes – one with a capacity to move 120 tons within a 25-meter radius and two that can move 30 tons within a 35-meter radius. According to José Alves, Port Operations Manager in Macaé, he emphasizes the relevance of the activity for Petrobras.

Roberta Souza

Autora no portal Click Petróleo e Gás desde 2019, responsável pela publicação de mais de 8.000 matérias que somam milhões de acessos, unindo técnica, clareza e engajamento para informar e conectar leitores. Engenheira de Petróleo e pós-graduada em Comissionamento de Unidades Industriais, também trago experiência prática e vivência no setor do agronegócio, o que amplia minha visão e versatilidade na produção de conteúdo especializado. Desenvolvo pautas, divulgo oportunidades de emprego e crio materiais publicitários direcionados para o público do setor. Para sugestões de pauta, divulgação de vagas ou propostas de publicidade, entre em contato pelo e-mail: santizatagpc@gmail.com. Não recebemos currículos

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