December 09, 2016 1:36 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Eletrosul Centrais Elétricas S.A.

Company Overview

Eletrosul Centrais Elétricas S.A. is engaged in the generation and transmission of renewable energy by operating hydro and wind power plants in Brazil. The company also invests in the research and development of alternative sources of energy; provides telecommunication services; and performs other trade actions related to these activities. It serves the Southern states and the state of Mato Grosso do Sul. The company was formerly known as Empresa Transmissora de Energia Elétrica do Sul do Brasil S/A. and changed its name to Eletrosul Centrais Elétricas S.A. in March 2004. The company was founded in 1968 and is based in Florianópolis, Brazil. Eletrosul Centrais Elétricas S.A. operates as a su...

Rua Deputado Antonio Edu Vieira, 999

CP 5091

Pantanal

Florianópolis, SC 88040-901

Brazil

Founded in 1968

Phone:

55 48 3231 7000

Fax:

55 48 3234 5678

Key Executives for Eletrosul Centrais Elétricas S.A.

President
Age: 60
Director of Administrative and Financial Management
Age: 59
Director of Operations and Director of Engineering
Age: 50
Compensation as of Fiscal Year 2016.

Eletrosul Centrais Elétricas S.A. Key Developments

Brazilian Government Seeks Potential Privatization For For Celg D Sale

The Brazilian Federal government and the state government of Goias are in discussions with state-owned energy firm Eletrosul Centrais Elétricas S.A. are considering strategic alternatives for its distribution subsidiary Celg Distribuição S.A. after the privatisation auction failed to receive any bids. Despite these discussions taking place, the government is, however, confident that the auction will be successful, with the criticisms over the price of the company being dismissed as part of negotiation strategy by the interested parties. One alternative is lowering the price of the company and launching a new auction process other is to inject new resources into the firm to improve its economic and financial index. A number of companies, such as Equatorial Energia and Energisa, have ruled out their participation in the auction but others, such as CPFL Energia S.A. (BOVESPA: CPFE3), have criticised the high price but not yet ruled out participation. The State Grid and Enel have actively declared an interest in Celg D. Interested parties are due to present documents on 16 August 2016, with the proposals to be opened on 19 August 2016.

Eletrosul Centrais Seeks To Sell

Eletrosul Centrais Elétricas S.A. plans to sell other assets beyond its loss-making distributors and its subsidiary Eletrosul wants to shed at least 51% in a transmission project in Mato Grosso planned to start operating in 2018.

Bids For High Voltage Power Lines

Eletrosul Centrais Elétricas S.A. reported that Investors have to submit bids for stake in two high-voltage power lines spanning 265km with 300MVA of capacity.

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Recent Private Companies Transactions

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

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