May 27, 2017 8:17 AM 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. It also invests in the research and development of alternative sources of energy; provides telecommunication services; and performs other trade actions related to these activities. The company’s generating units in operation consists of hydroelectric plants, small hydroelectric plants, wind power plants, solar plants, and other alternative sources. 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...

Rua Deputado Antonio Edu Vieira, 999

Pantanal

Florianópolis, SC 88040-901

Brazil

Founded in 1968

Phone:

55 48 3231 7000

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

Eletrosul Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Eletrosul announced earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported operational revenues of BRL 3,201,752,000 compared to BRL 1,623,168,000 a year ago. Operating result before financial result was BRL 1,740,849,000 compared to BRL 62,734,000 a year ago. Financial loss was BRL 424,187,000 compared to BRL 446,702,000 a year ago. Result before social contribution, income tax, employees and management participation and minority participation was BRL 1,557,147,000 compared to loss of BRL 894,893,000 a year ago. Net profit of the period was BRL 1,115,332,000 compared to loss of BRL 910,169,000 a year ago. Net cash from operating activities was BRL 623,545,000 compared to BRL 1,009,759,000 a year ago. Acquisition of property, unit and equipment was BRL 101,223,000 compared to BRL 954,197,000 a year ago. Acquisition of intangible assets was BRL 4,471,000 compared to BRL 8,532,000 a year ago. EBITDA was BRL 2,163 million compared to LBITDA of BRL 330 million a year ago.

Eletrosul Is In Talks To Sell Power Transmission Line Projects

Eletrosul Centrais Elétricas S.A., a subsidiary of Centrais Elétricas Brasileiras S.A. - Eletrobras is in talks to sell some power transmission line construction projects to Shanghai Electric Group Company Limited (SEHK:2727). Eletrosul says that Shanghai Electric offered to take over the projects.

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.

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