Sale of Eletrobras distributors moves ahead

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Friday, February 9, 2018

Brazil's development bank BNDES is advancing to the next stages of the privatization of six electric power distributors belonging to state-run Eletrobras. The distributors are located in the states of Acre, Alagoas, Amazonas, Piauí, Rondônia and Roraima.

On February 16 a first public hearing will be held in Boa Vista, Roraima state, to discuss Boa Vista Energia's sale, followed by meetings in Manaus (Amazonas Energia) on February 20, Porto Velho (Ceron) a day later and Macapá (Eletroacre) on February 23.

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Public hearings for Ceal in Alagoas, and Cepisa in Piauí are scheduled for February 27 and 28, respectively.

Meanwhile, BNDES will deliver to the federal audit court (TCU) the sale tender draft and six annexes for analysis before publication, which is to take place within 15 working days after the last public hearing. The auction is planned for end of April.

BNDES is responsible for the execution and follow-up of Eletrobras' privatization. The bank conducted the financial evaluation of the companies and elaborated its privatization model together with Mais Energia B consortium and Ceres Inteligência Financeira.