Portuguese 
English 
Spanish 
2 min of reading 
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:
- New Nuclear Fusion Reactor Is Being Developed and Will Be Able to Generate More Energy Than It Consumes
- Oldest Pier in the Port of Rio de Janeiro Will Be Renovated, Potentially Doubling Demand
- Federal Institute of Brasília (IFB) Is Offering More Than 270 Slots in Free Online Courses
- Company Invests R$ 629 Million in Renewable Energy Projects in Bahia
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.”
-
The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
-
Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
-
Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
-
Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
The financing will be used for the expansion of the distribution system, combating energy losses, improving supply quality, expanding the customer base, and enhancing the operation of the electric power system.
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.
Be the first to react!