NEOENERGIA ANNOUNCES AGREEMENT WITH GIC FOR SALE OF 50% OF EIGHT TRANSMISSION ASSETS...
Neoenergia signed an agreement on Tuesday (25) with GIC, a leading global institutional investor, for the sale of a 50% equity interest in eight transmission assets that are in operation. The projects – Jalapão, Santa Luzia, Dourados, Atibaia, Biguaçu, Sobral, Narandiba and Rio Formoso – total 1,865 kilometers of transmission lines. The purchase price is estimated at about R$ 1.2 billion, subject to usual price adjustments. A transmission holding company will be set up to incorporate the operating assets.
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NEOENERGIA FILES FIRST QUARTER EBITDA OF BRL 3.6 BILLION...
Neoenergia filed its financial and operating results for the first quarter of 2023 on Tuesday, April 25. EBITDA was up by 14% year on year, to BRL 3.6 billion. EBITDA Cash was up by 7%, to BRL 2.6 billion. The result was driven by the delivery of projects in Renewable businesses, including the entry into full operation in March of the Neoenergia Luzia solar energy plant in Paraíba state, which marked the company's debut in centralized photovoltaic generation.
Profit was BRL 1.2 billion, in line with the ...
