Type Sociedade Anônima Products Electrical power | Industry Electricity Revenue 10 billion USD (2013) | |
Traded as BM&F Bovespa: ELET3
OTC Pink Limited: EBRYY
BMAD: XELTO Key people Wilson Ferreira Júnior (CEO)
José Luiz Alquéres (Chairman) Services Electricity distribution
Electric power transmission
Electric power generation Stock price ELET6 (BVMF) R$ 24.02 -0.49 (-2.00%)8 Mar, 6:07 PM GMT-3 - Disclaimer CEO Jose da Costa Carvalho Neto (Feb 2011–) Headquarters Rio de Janeiro, Rio de Janeiro, Brazil Founded 1962, Rio de Janeiro, Rio de Janeiro, Brazil Subsidiaries Eletrobras Furnas, Eletronorte, Eletrosul Profiles | ||
Eletrobras
Eletrobras ([eˌlɛtɾoˈbɾas], full name: Centrais Elétricas Brasileiras S.A.) is a major Brazilian electric utilities company. It's also Latin America's biggest power utility company, tenth largest in the world and is also the fourth largest clean energy company in the world. Eletrobras holds stakes in a number of Brazilian electric companies, so that it generates about 40% and transmits 69% of Brazil's electric supply. The company's generating capacity is about 43,000 MW, mostly in hydroelectric plants. The Brazilian federal government owns 52% stake in Eletrobras, rest of shares are traded on BM&F Bovespa. The stock is part of the Ibovespa index. It is also traded on the New York Stock Exchange and on the Madrid Stock Exchange
Contents
The company's headquarters are located in Brasília, however its main offices are located in Rio de Janeiro.
History
Eletrobras was established in 1962 during João Goulart's presidency.
Operations
Eletrobras is an electric power holding company. It is the largest generation and transmission company in Brazil. Through its subsidiaries it owns about 40% of Brazil's generation capacities and controls 69% of the National Interconnected System.
Eletrobras stands as the biggest company of the electric power sector in Latin America.
Subsidiaries
Among Eletrobras' subsidiaries, there are generation, transmission and distribution companies.
International activities
Eletrobras was authorized by Act 11.651, sanctioned on April 7, 2008, to operate abroad as an investor in the power sector, by means of consortiums and/or specific purposes companies; it may also have control on enterprises. In order to coordinate this operation, it was created the Superintendence of Operations Abroad, which will operate following the guidelines of its Board of Directors.
For this first period, the Superintendence of Operations Abroad has set forth the priorities as follows:
1) Interconnect new sources of energy in Latin America with the Brazilian power system; 2) Promote the energetic integration between Brazil and the countries of Latin America; and 3) Prospect opportunities for investment in power energy in other countries to benefit the Brazilian economy by generating new markets for the goods and services suppliers segment.
The Superintendence of Operations Abroad has been developing negotiations with several countries in Latin America and Africa:
With Bolivia, Colombia, China, Ecuador, El Salvador, Guinea Bissau, Guyana, Morocco and Nigeria the contacts are in their initial phase.