Petrobras, The Giant of Brazilian Oil, Announced Yesterday (08/18) That It Completed the Acquisition of Its Stake in The Ibirité Power Plant for R$ 1 Plus Compensation!

Written by Flavia Marinho

Published on 19/08/2022 at 16:57

Updated on 19/08/2022 at 21:38

Usina Termelétrica UTE Ibirité Petrobras – Imagem Petrobras

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For R$ 1 More Compensation, Petrobras Made a Purchase and Acquired the Remaining 50% Shares of Ibirité Thermal Power Plant

The Brazilian oil giant Petrobras made a purchase on June 1 and signed a contract to acquire the remaining 50% of Ibiritermo — owner of the Ibirité Power Plant, located in Minas Gerais with an installed capacity of 226 MW. The state-owned company announced yesterday (08/18), in a material fact to the market, that it has completed the acquisition of Edison S.p.A.’s (50%) stake in Ibiritermo S.A. and has completed the transfer of Ibirité Thermal Power Plant (UTE Ibirité) to the Company.

It is worth remembering that Petrobras already owned a 50% stake in Ibiritermo S.A. With the completion of the transaction, Petrobras now holds 100% of the shares of Ibiritermo S.A. and exclusive ownership of the Ibirité Power Plant, starting its operation as an asset integrated into the company’s thermal portfolio, without any associated corporate structure. Also upon completion, Petrobras begins the necessary measures for the closure of Ibiritermo S.A. through liquidation.

About the Ibirité Power Plant, Located in Minas Gerais, Purchased by the State-Owned Company

Founded in 2001, Ibiritermo S.A. is a closed capital corporation, having as its sole asset the Ibirité Power Plant, located in the municipality of Ibirité, Minas Gerais, with an installed capacity of 226 MW.

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Petrobras, The Giant of Brazilian Oil, Announced Yesterday (08/18) That It Completed the Acquisition of Its Stake in The Ibirité Power Plant for R$ 1 Plus Compensation!

For R$ 1 More Compensation, Petrobras Made a Purchase and Acquired the Remaining 50% Shares of Ibirité Thermal Power Plant

About the Ibirité Power Plant, Located in Minas Gerais, Purchased by the State-Owned Company

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Petrobras, The Giant of Brazilian Oil, Announced Yesterday (08/18) That It Completed the Acquisition of Its Stake in The Ibirité Power Plant for R$ 1 Plus Compensation!

For R$ 1 More Compensation, Petrobras Made a Purchase and Acquired the Remaining 50% Shares of Ibirité Thermal Power Plant

About the Ibirité Power Plant, Located in Minas Gerais, Purchased by the State-Owned Company

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

100 kW megalasers are already pointing to a new industrial phase, with enough power to cut thick steel, drill through rocks, accelerate mining, and increase productivity in operations previously considered too difficult.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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