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Centrais Elétricas Brasileiras S.A.

Company Detail

Description

Brazil's energy giant Centrais Elétricas Brasileiras S.A. (Eletrobras) owns, operates and maintains power generation and transmission assets throughout the country, also acting in the energy efficiency, distribution and marketing segments. The company operates through its 14 subsidiaries, one holding company (Eletropar), and one research center (Cepel), and it owns a 50% interest in the Itaipu Binacional hydroelectric plant. The state-controlled company is responsible for 31% (46,856MW) of the power generation nationwide, and it operates 47 hydro plants, 114 thermal plants, 69 wind farms, two nuclear plants and one solar park, plus 63,387km of transmission lines as part of Brazil's national power grid. In 2016, the company decided to divest its power distribution assets, and the process is ongoing. Eletrobras was incorporated in 1962 with headquarters in Rio de Janeiro.

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