Eletropar sold its Eletropaulo stake for USD25 million
Eletrobras Participacoes SA also known as Eletropar has divested its stake in Brazilian power distributor, Eletropaulo. The transaction cost has amounted to BRL95.37 million (US$ 24.7 miullion) and involved the sell of over 2 million shares at a price of BRL45.22 each.
Eletropaulo distributes and sells electric power. It distributes electricity in 24 municipalities in the metropolitan area of São Paulo.
The company operates through 152 substations; a distribution and sub transmission network of approximately 43,000 kilometers; and 208,000 overhead and underground distribution transformers. It distributes electric power to residential, commercial, industrial, and rural customers, as well as public sector, public lighting, public services, and others. The company serves approximately 7.0 million consumers.
Country updates
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July 16, 2018
Enel completes additional stakes acquisition in Eletropaulo
Enel has completed the acquisition of an additional 5.5% stakes in Brazilian power distributor Eletropaulo. The company has bought 9.28 million shares from minority stockholders wh...
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July 10, 2018
Nordex has won a contract to supply and build and erect the turbines for the wind project
Nordex has won a contract to supply and build and erect the turbines for the wind project. Installation work will start in October 2019 and the company is to service the machines for at least two years after project completion
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July 09, 2018
Brazil has allowed the project to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures
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July 06, 2018
Central Eolica Campo Largo VII is now operational
The 29.7 MW Central Eolica Campo Largo VII wind facility located in Bahia, Brazil, has been brought online. The scheme is part of the 326.7 MW Campo Largo Fase I complex.
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July 06, 2018
Enel wind parks starts commercial operations
Enel SpA has received commissioning approval from Brazil's power sector regulator Aneel. for a total of 172 MW of wind energy. The projects apprved are the following: 30 MW Boa Vista da...
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