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Companhia Paranaense de Energia S.A.

Company Detail

Description

Companhia Paranaense de Energia (Copel) is a Brazilian holding company that operated in the power generation, transmission , distribution an telecom sectors. serves over 4.4mn clients across 1,113 towns, in 394 municipalities in Paraná state and the Porto União municipality in Santa Catarina state. Paraná state is Copel's major shareholder with a 31.07%. The company operates 13,8kV, 34,5kV, 69kV, 138kV, and 230kV distribution lines that extends through 193,527km. Copel also owns and participates in the concessions of 3,772km of transmission lines and 38 substations. The firm is currently working on expanding to an additional 4,329,6km. Copel operates 30 power plants and holds stock in other six, divided into 22 hydropower, 12 wind turbines and 2 thermoelectric power plants with a total installed capacity of 5,630MW. In 2015, the company started operating 15 new wind parks in the Northeast region, ending the year with an installed capacity of 330MW. Other 13 wind power plants are expected to be completed by 2019. Through its subsidiary, Copel Telecomunicações, the firm serves over 90% of rural clients and almost a 100% of urban clients, with 70,000 new connections every year. The firm's optic cable network comprises 28,110km, a 10.5% increase from the previous year. Curitiba-based Copel was founded in 1954.

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