July 23, 2014 10:07 PM ET

Electric Utilities

Company Overview of ELETROSUL Centrais Elétricas S.A.

Company Overview

ELETROSUL Centrais Elétricas S.A. provides electric power generation and transmission public services. It generates electricity from hydro and wind power. The company also invests in research and development of alternative sources of energy; provides telecommunication services; and performs other trade actions related to these activities. It serves the Southern states and the state of Mato Grosso do Sul. The company was incorporated in 1968 and is based in Florianopolis, Brazil. ELETROSUL Centrais Elétricas S.A. operates as a subsidiary of Centrais Elétricas Brasileiras S.A. – Eletrobras.

Deputado Antônio Edu Vieira, 999

CP: 5091

Pantanal

Florianopolis, SC 88040-901

Brazil

Founded in 1968

Phone:

55 48 3231 7000

Fax:

55 48 3234 4040

Key Executives for ELETROSUL Centrais Elétricas S.A.

Chief Executive officer
Age: 60
Director of Administrative and Financial Management
Age: 57
Director of Operations and Director of Engineering
Age: 48
Compensation as of Fiscal Year 2014.

ELETROSUL Centrais Elétricas S.A. Key Developments

Eletrosul Reports Earnings Results for the First Quarter Ended March 31, 2014

Eletrosul reported earnings results for the first quarter ended March 31, 2014. For the quarter, EBITDA was BRL 248 million against BRL 116 million a year ago.

Eletrosul Launches Ijui 2 Power Substation

Eletrosul announced its Ijui 2 power substation, which required investments of nearly BRL 30 million (USD 12.4 million/EUR 9.2 million). The 166-MVA substation, which is located in Ijui municipality, in southern Rio Grande do Sul state, is included in the government's growth acceleration programme PAC. Ijui 2 forms part of the transmission system to transport the output of plants of local power generator CEEE-GT on Jacui river. The facility is linked to the country's interconnected electricity network SIN via a 230-KV line to Eletrosul's substation Santo Angelo. Together with the new substations Caxias 6 and Nova Petropolis 2 and the upgrade of Lajeado Grande substation, Eletrosul's new facility will boost the energy supply in the state. These projects required some BRL 110 million investments.

ELETROSUL Mulls Partners

ELETROSUL Centrais Elétricas S.A. is seeking partners for the next new energy auctions to be held by the energy sector regulator Aneel in 2013., it said on October 7, 2013. The possible partners of Eletrosul could be companies, investors, financial institutions or investment funds, it added. If Eletrosul and its allies win new power projects concessions, special purpose entities (SPEs) will be set up for the implementation and operation of the projects.

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