July 31, 2016 2:32 AM ET

Electric Utilities

Company Overview of Neoenergia S.A.

Company Overview

Neoenergia S.A. generates, transmits, distributes, trades in and commercializes electric energy in Brazil. The company operates 37 electricity generation plants comprising 14 hydroelectric, 2 thermoelectric, 16 wind, and 5 cogeneration plants. It has an installed electricity generation capacity of approximately 1,625 megawatts; and operates approximately 300 kilometers of transmission lines, as well as distributes electricity to approximately 37 million in the states of Bahia, Pernambuco, and Rio Grande do Norte. The company also provides consulting and energy management services. Neoenergia S.A. was founded in 1997 and is based in Flamengo, Brazil.

Praia do Flamengo 78

4 andar

Flamengo, RJ 22210-904

Brazil

Founded in 1997

5,335 Employees

Phone:

55 21 3235 9800

Key Executives for Neoenergia S.A.

Chief Executive Officer
Chief Financial and Investor Relations
Chief Generation Officer
Chief Planning and Controlling Officer
Chief Distribution Officer
Compensation as of Fiscal Year 2016.

Neoenergia S.A. Key Developments

Neoenergia and Iberdrola Bring Online 150MW Brazil Wind Complex

A joint venture between Neoenergia and Iberdrola has begun operating a 150MW wind complex in Brazil. The Calango complex comprises five 30MW wind farms in the northeastern state of Rio Grande do Norte. Neoenergia has a 61% stake in the Força Eólica do Brasil consortium with Iberdrola holding the balance.

Neoenergia Plans To Raise Up To BRL 600 million From Shedding Small Power Plants

Neoenergia S.A. plans to sell its portfolio of small hydroelectric plants (SHP) and concentrate in distribution and large water projects, said Thursday Sandro José Franco, Chief Financial Officer and Investor Relations Director. The company expects to raise between BRL 400 million and BRL 600 million from the divestment of its SHPs. Neoenergia operates seven of these plants, which together add up to 131 megawatts of installed capacity.

AES, CPFL Among Others Interested In Acquiring Centrais Elétricas

The AES Corporation (NYSE:AES), CPFL Energia S.A. (BOVESPA:CPFE3), Energisa S.A. (BOVESPA:ENGI3), Equatorial Energia S.A. (BOVESPA:EQTL3) and Neoenergia S.A. are interested in acquiring Centrais Eletricas De Goias SA, according to sources.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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