For R$ 325 Million, Engie Completes Sale of Jorge Lacerda Thermal Power Plant to Fram Capital

Written by Roberta Souza

Published on 20/10/2021 at 13:33

Usina Jorge Lacerda/ Fonte: ND Mais

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The Sale Of The Coal-Fired Power Plant By Engie Involved The Option To Purchase A Future Gas Peaker Plant In The State Of Santa Catarina

Engie has concluded the sale to FRAM Capital of the Jorge Lacerda Thermoelectric Complex, located in Capivari de Baixo, in the southern state of Santa Catarina. The thermoelectric plant has an installed capacity of 857 MW. The acquisition price for 100% of the equity stake in the controlled company, Diamante Geração de Energia, which holds the CTJL, is up to R$ 325 million, of which R$ 210 million was paid at the closing of the operation and R$ 115 million is subject to the fulfillment of certain conditions precedent, which must be completed by the end of 2022. Read this news too: Thermoelectric Plant in Mato Grosso do Sul Will Be Reactivated and Will Help Supply Energy During Water Crisis

Divestment Is Part Of Engie’s Strategy To Become Carbon Neutral

According to Eduardo Sattamini, CEO and Investor Relations Director at Engie Brasil Energia, the completion of the sale of the Jorge Lacerda Thermoelectric Complex is positive for Engie’s plans to direct operations and investments toward renewable energy projects and transmission infrastructure.

According to the Engie executive, the sale of the thermoelectric plant is also important for the economy of the southern region of Santa Catarina to reinvent itself, enabling a socially just transition and reducing potential impacts compared to a short-term discontinuation of operations.

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Option To Purchase Another Thermoelectric Plant

Additively, Engie granted Diamante Holding an option to purchase the North Catarinense Thermoelectric Plant Project, which involves the future implementation of a natural gas power plant with an installed capacity of approximately 600 MW, located in the municipality of Garuva, in the northern region of the state of Santa Catarina.

With the sale of CTJL, around 97% of ENGIE’s matrix in Brazil is now renewable, derived from hydroelectric, wind, solar, and biomass sources. Another asset of the Company that operates on coal is the Pampa Sul Thermoelectric Plant, with an installed capacity of 345 MW, which is also for sale, in line with the Group’s global strategy to exit coal operations by 2027 worldwide.

Also Check: Engie Presents Voluntary Dismissal Plan For Its Thermoelectric Plants And Other Assets Across The Country

Engie Brasil Energia has approved a Voluntary Dismissal Program (VDP) for employees at its headquarters, thermoelectric plants, and other operational assets. The plan was discussed in a meeting that also included the presence of company workers.

In a statement issued to the market, Engie emphasized that the voluntary dismissal program will provide for a “harmonious succession planning and career transition for those interested in joining the program.”

Engie Brasil Energia also denies that the approved voluntary dismissal plan is related to the decarbonization process intended by the company in Brazil, which involves, among other actions, the sale or deactivation of the Capivari de Baixo plant. The company further states that workers believe that the move supports the company’s distancing from the management of the thermoelectric plant.

For R$ 325 Million, Engie Completes Sale of Jorge Lacerda Thermal Power Plant to Fram Capital

The Sale Of The Coal-Fired Power Plant By Engie Involved The Option To Purchase A Future Gas Peaker Plant In The State Of Santa Catarina

Divestment Is Part Of Engie’s Strategy To Become Carbon Neutral

Option To Purchase Another Thermoelectric Plant

Also Check: Engie Presents Voluntary Dismissal Plan For Its Thermoelectric Plants And Other Assets Across The Country

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For R$ 325 Million, Engie Completes Sale of Jorge Lacerda Thermal Power Plant to Fram Capital

The Sale Of The Coal-Fired Power Plant By Engie Involved The Option To Purchase A Future Gas Peaker Plant In The State Of Santa Catarina

Divestment Is Part Of Engie’s Strategy To Become Carbon Neutral

Option To Purchase Another Thermoelectric Plant

Also Check: Engie Presents Voluntary Dismissal Plan For Its Thermoelectric Plants And Other Assets Across The Country

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

An analysis by NASA highlighted that the Great Wall of China and the Pyramids of Egypt are not visible to the naked eye from the International Space Station, and only one man-made structure is visible in this way.

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