Eletrobras is a major Brazilian electric utilities company. The company's headquarters are located in Rio de Janeiro. It is 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 51,000 MW, mostly in hydroelectric plants. The Brazilian federal government owns 52% stake in Eletrobras, the rest of the shares are traded on BM&F Bovespa. The stock is part of the Ibovespa index. It is also traded on the Nasdaq Stock Market and on the Madrid Stock Exchange.
History
Eletrobras was established in 1962 during João Goulart's presidency.
Operations
Eletrobras is an electric powerholding 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.
CHESF generates and transmits electric power from hydroelectric plants to all of the cities in northeast of Brazil. It owns 14 hydroelectric energy plants and 1 thermoelectric energy plant. Sinval Zaidan Gama was made CEO in January 2017. The main source of energy is the São Francisco River. Eletrobras CGTEE is a Brazilian power company created on July 11, 1997. It is active in the state of Rio Grande do Sul.
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:
