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August 30, 2015 10:27 AM ET

Electric Utilities

Company Overview of Neoenergia S.A.

Company Overview

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

Praia do Flamengo 78

4th Floor

Flamengo, RJ 22210-904

Brazil

Founded in 1997

Phone:

55 21 3235 9800

Key Executives for Neoenergia S.A.

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 2015.

Neoenergia S.A. Key Developments

Eletrobras Power Distributors To Be Privatized, Says BTG

As per a survey from BTG Pactual states that seven electric power distribution companies of the state holding Centrais Elétricas Brasileiras S.A. - Eletrobras (BOVESPA:ELET6) slated for privatization. As per BTG reports Energisa S.A. (BOVESPA:ENGI3), Neoenergia SA and Enersis S.A. (SNSE:ENERSIS) are potential bidders for Eletrobras.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 2, 2015
Companhia Energética do Rio Grande do Norte - COSERN
Merger/Acquisition
March 2, 2015
Companhiade Eletricidade do Estado da Bahia - COELBA
 

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