A mining group is considering participating in the sale process of Celg.
Energisa is the sixth largest energy distribution group in Brazil; "Celg is a very synergistic asset for us. We are already in the Central-West region. It's an asset that also makes sense," says Energisa's financial and investor relations director, Maurício Botelho; the federal government expects Celg to be auctioned for R$ 8,5 billion; Goiás is expected to use 100% of its share of the revenue obtained from the auction, approximately R$ 4 billion, in infrastructure projects to facilitate the flow of production and increase the state's competitiveness in national and international markets.
Goiás 247 - The mining group Energisa is studying its participation in the sale process of Celg D, which is controlled by Eletrobras and which the government intends to privatize by the end of the year,” reports an article in Valor Econômico.
The federal government expects Celg to be auctioned off for R$ 8,5 billion. Goiás is expected to use 100% of its share of the revenue obtained from the auction, approximately R$ 4 billion, for infrastructure projects to facilitate the flow of production and increase the state's competitiveness in national and international markets.
"Celg is a very synergistic asset for us. We are already in the Midwest. It's an asset that makes sense as well. Everything depends on the conditions, on how the sale process will be, and what the concession obligations will be," says Energisa's financial and investor relations director, Maurício Botelho, to the newspaper.
Celg was federalized, coming under the management of Eletrobras, and then included, in May of this year, in the National Privatization Program. Eletrobras holds 51% of the shares and the state government the other 49%. BNDES is managing the sale and has hired the International Finance Corporation of the World Bank to design the model, which is currently in the pricing phase.
The Energisa Group is a publicly traded holding company comprised of eighteen companies, 13 of which are distribution companies, making it the sixth largest energy distribution group in Brazil.