February 25, 2017 8:33 PM 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, Executive Director of Investor Relations and Member of the Executive Board
Chief Financial and Investor Relations
Executive Director of Human Resources and Member of Executive Board
Generation Executive Officer and Member of The Executive Board
Executive Director of Generation and Member of Executive Board
Compensation as of Fiscal Year 2016.

Neoenergia S.A. Key Developments

Controlling Shareholders Reportedly Looking To Sell Stake In Norte Energia

The controlling shareholders of Norte Energia S.A. have reportedly hired banks to sell their stake. The controlling shareholders of Norte Energia are reportedly looking to sell stakes, newspaper Estado de S. Paulo said on February 10, 2017. According to the report, the shareholders looking to sell are Neoenergia S.A., Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4), Light S.A. (BOVESPA:LIGT3), Vale S.A. (BOVESPA:VALE3), Siderúrgica Norte Brasil S.A., J.Malucelli Energia S.A., Fundação Petrobras de Seguridade Social - Petros and Fundação dos Economiários Federais. They have hired Banco Bradesco BBI S.A. and an unidentified foreign investment bank to sell their 50.02% combined stake in Norte Energia, Estado de S. Paulo said, citing sources close to the company. Centrais Elétricas Brasileiras S.A. - Eletrobras (BOVESPA:ELET6), which holds the remaining 49.98%, is not actively looking to sell but could decide to exercise tag-along rights, the report said. State Grid Corporation of China and China Three Gorges Corporation have shown interest in the stake, which is likely to be sold to a consortium, the article said. Norte Energia and Bradesco BBI did not immediately respond to requests for comment.

Chinese Investors Interested In Belo Monte

Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4); Light S.A. (BOVESPA:LIGT3); Centrais Elétricas Brasileiras S.A. - Eletrobras (BOVESPA:ELET6) and Neoenergia S.A. have decided to sell their stake in the Belo Monte hydroelectric plant. The sale has not been formally launched, but Chinese investors are already said to be interested in the acquisition. Those include State Grid Corporation of China, according to sources.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 28, 2016
Majotity Stake in 5 Operating Generation Assets
 

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