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March 31, 2015 3:05 AM ET

Electric Utilities

Company Overview of Neoenergia SA

Company Overview

Neoenergia S.A. is engaged in the generation, transmission, distribution, trade, and commercialization of electric energy in Brazil. The company produces electricity from hydroelectric and thermoelectric power plants. It also provides consulting and energy management services. The company has an installed capacity of approximately 1,558 megawatts; and operates approximately 300 miles of transmission lines. It distributes electricity to approximately 37 million people in the states of Bahia, Pernambuco, and Rio Grande do Norte. The company was founded in 1997 and is headquartered in Flamengo, Brazil.

Praia do Flamengo 78

4th Floor

Flamengo, RJ 22210-904


Founded in 1997


55 21 3235 9800

Key Executives for Neoenergia SA

Chief Executive Officer and Member of the Executive Board
Chief Financial Officer, Investors Relations Officer and Member of The Executive Board
Chief Distribution Officer and Member of the Executive Board
Human Resources Executive Officer and Member of The Executive Board
Generation Executive Officer and Member of The Executive Board
Compensation as of Fiscal Year 2014.

Neoenergia SA Key Developments

Iberdrola and Neoenergia Sign Supply Contract with Gamesa in Brazil

Iberdrola and Neoenergia have signed a contract with Gamesa corporation Tecnologica for the supply of 42 wind turbines to the three wind farms developed by the two companies in Rio Grande do Norte in northeastern Brazil. Gamesa is to install G114 wind turbines, with a unit capacity of 2 megawatts (MW) at these wind farms. To be more specific, it will be in charge of supplying, transporting, installing and commissioning 15 wind turbines for the Santana 1 wind farm, a further 15 for the Calango 6 facility and 12 more at Santana 2. The consortium formed by Iberdrola and Neoenergia in the wind power sector has strong links to Gamesa, having already entered into agreements to supply a total of 372 MW in Brazil. These 42 turbines will be manufactured at Gamesa's factory in the Brazilian city of Camacari. They are expected to be installed in the third quarter of 2016. The wind farms will be connected to the grid in the last quarter of the same year. The G114 wind turbine is a new model that is particularly suited to the high-wind and low-turbulence conditions encountered in Brazil.

Neonergia Presents at 7th Annual Brazil Opportunities Conference 2014, Dec-04-2014 12:15 PM

Neonergia Presents at 7th Annual Brazil Opportunities Conference 2014, Dec-04-2014 12:15 PM. Venue: Grand Hyatt, São Paulo, Brazil. Speakers: Solange Ribeiro, CEO.

Neoenergia Reports Earnings Results for the First Quarter of 2014

Neoenergia reported earnings results for the first quarter of 2014. For the quarter, the company reported net profit of BRL 125.7 million, a 63.29% year-on-year slump. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 36.5% to BRL 451.6 million. Net revenue shrank by 3.3% to BRL 2.7 billion.

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