R$ 2.1 Billion Approved By BNDES For Equatorial Energia's Investment Plan In The States of Maranhão and Pará

R$ 2.1 Billion Approved By BNDES For Equatorial Energia’s Investment Plan In The States of Maranhão and Pará

Written by Roberta Souza

Published on 04/01/2021 at 17:41

Equatorial Energia

Be the first to react!

The Financing Released to Equatorial Energia by BNDES Will Be for Equatorial Maranhão Distribution Company and Equatorial Pará

The National Bank for Economic and Social Development – BNDES, approved the financing requested by Equatorial Energia, in the amount of R$ 2.25 billion. The investment will be allocated to the investment plan for the years 2021 to 2023, for the subsidiaries Equatorial Maranhão Distribution Company and Equatorial Pará Distribution Company.

Check Out Other News of the Day:

The amount of financing released by BNDES will be R$ 750.8 million for the Maranhão subsidiary and R$ 1.4 billion for Pará. The grace period will last until December 2023, with a total term of 20 years at a cost of IPCA + 4.08% per annum.

Equatorial Energia stated in a note sent to the Securities and Exchange Commission (CVM) that “The next three years of the companies’ investments are backed by financing approved by the bank.”

ARTICLE CONTINUES BELOW

About Equatorial Energia:

Equatorial Energia is a holding company that controls the energy distribution companies Equatorial Energia Alagoas (Alagoas), Cemar (Maranhão), Celpa (Pará), and Cepisa (Piauí). In addition, it holds a significant stake in the Geramar Thermal Power Plant.

The company was established under the name Brisk Participações S.A. “Company” and was incorporated on June 16, 1999, by PPL Global LLC., initially to participate in the privatization auction of the Maranhão Energy Company-CEMAR, which was privatized on June 15, 2000, as a result of the then National Privatization Program, also known by the acronym “PND,” implemented by the Brazilian government starting from the administrations of Itamar Franco and Fernando Henrique Cardoso.

R$ 2.1 Billion Approved By BNDES For Equatorial Energia’s Investment Plan In The States of Maranhão and Pará

The Financing Released to Equatorial Energia by BNDES Will Be for Equatorial Maranhão Distribution Company and Equatorial Pará

Check Out Other News of the Day:

About Equatorial Energia:

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

R$ 2.1 Billion Approved By BNDES For Equatorial Energia’s Investment Plan In The States of Maranhão and Pará

The Financing Released to Equatorial Energia by BNDES Will Be for Equatorial Maranhão Distribution Company and Equatorial Pará

Check Out Other News of the Day:

About Equatorial Energia:

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Scientists discover why gold remains unrusted for thousands of years and reveal atomic reorganization that reduces reaction with oxygen by up to 1 trillion times

A gigantic piece weighing 300 tons, equivalent to two Statues of Liberty, was hoisted almost 100 meters high in the interior of Mato Grosso do Sul to complete the largest recovery boiler in the world inside the R$ 23 billion megafactory of cellulose.

Magazine Luiza sells R$ 50 billion, but Havan profits better: Luciano Hang’s company reaches R$ 3.4 billion in profit and highlights the difference in Brazilian retail.

Brazil’s external debt rises to US$ 416.976 billion in April, says Central Bank, while investments in stocks see an inflow of nearly US$ 1 billion.

The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.