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Home › Dodgy Deals ›
Dodgy Deal
EletrobrasBrazil

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-06-30 00:00:00
.. Photo: .

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-06-30 00:00:00
Why this profile?
About
Sectors Biomass Electric Power Generation, Coal Electric Power Generation, Electric Power Distribution, Hydroelectric Power Generation, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation
Headquarters
Ownership

Shareholders:

  • Government of Brasil: 54.46% ordinary shares, 0.00% preferential shares
  • BNDES Participações: 13.04% ordinary shares, 7.04% preferential shares
  • Banco Nacional de Desenvolvimento Econômico e Social (BNDES): 7.02% ordinary shares, 6.88% preferential shares
  • JP Morgan Chase Bank: 6.25% ordinary shares, 9.78% preferential shares
  • Fundo Nacional de Desenvolvimento (FND): 4.02% ordinary shares, 0.00% preferential shares
  • Caixa Econômica Federal: 0.80%ordinary shares, 0.00% preferential shares
  • Fundo Garantidor de Habitação (FGHAB): 0.09% ordinary shares, 0.00% preferential shares
  • Victor Adler: 0.00% ordinary shares, 0.02% preferential shares
  • Fundo Garantidor para Investimentos (FGI): 0.00% ordinary shares, 3.29% preferential shares
  • Fundo de Garantia de Operações (FGO): 0.00% ordinary shares, 0.18% preferential shares
  • Others: 14.14% ordinary shares, 72.81% preferential shares
Subsidiaries
Cepel – Brazil
CGTEE – Brazil
CHESF – Brazil
Eletrobras Amazonas Energia – Brazil
Eletrobras Distribution Acre – Brazil
Eletrobras Distribution Alagoas – Brazil
Eletrobras Distribution Piauí – Brazil
Eletrobras Distribution Rodônia – Brazil
Eletrobras Distribution Roraima – Brazil
Eletronorte – Brazil
Eletronuclear – Brazil
Eletropar – Brazil
Eletrosul – Brazil
Furnas – Brazil
Itaipú Binacional – Brazil
Website

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Founded in 1962, Eletrobras is an electric power holding company and the largest electricity 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, corresponding to 41,621 megawatts (as of 2013).

Eletrobras operates 30 hydroelectric plants and 15 thermoelectric plants in Brazil, and has participated in scores of projects abroad. As Latin America's biggest power company it is also the tenth largest in the world. The Brazilian federal government is its majority shareholder, with 54% ownership.

Eletrobras does everything in the electricity generation business, from studying and planning power stations to building and operating them. The company's structure is unbelievably complex. It controls more than a dozen subsidiary companies which are responsible for the generation, transmission and distribution of electricity. It maintains a staggering 61,534 kilometers of transmission lines - that's 55% of Brazil's entire system.

Its subsidiary, the government-owned Eletronuclear, was established in 1997 for the sole purpose of operating Brazil's two nuclear reactors - the notorious Angra 1 and 2 - which produce just 3% of Brazil's electricity. The company is, in effect, Brazil's nuclear industry. The company is also planning to complete Angra 3, a reactor trying to rise from the dead after it was killed in the 1980s by a lack of finance. The company is also looking to build a further four reactors if Angra 3 is finished.

Impacts
Financiers
Institution type
Finance type
Year
Projects

Tapajós Hydroelectric Complex and Tapajós Waterway

Brazil
Project
Active
Hydroelectric Power Generation

Tapajós Hydroelectric Complex and Tapajós Waterway

Brazil
There are no active project profiles for Eletrobras now.

Belo Monte dam

Brazil
Project
On record
Hydroelectric Power Generation

Belo Monte dam

Brazil

Angra 3 nuclear power plant

Brazil
Project
On record
Nuclear Electric Power Generation

Angra 3 nuclear power plant

Brazil

Rio Madeira dams: Jirau and Santo Antonio

Brazil
Project
On record
Hydroelectric Power Generation

Rio Madeira dams: Jirau and Santo Antonio

Brazil

São Luiz do Tapajós dam

Brazil
Project
On record
Hydroelectric Power Generation

São Luiz do Tapajós dam

Brazil
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Brazil's plans for nuclear energy may face financing problem

2010-08-16 | Sao Paulo, Brazil | Capital.gr
Resources
Documents
2013-05-10 00:00:00

2012 Annual Sustainability Report

Annual report
2013-05-10 00:00:00
2012-05-20 00:00:00

2011 Annual Sustainability Report

Annual report
2012-05-20 00:00:00
2011-05-21 00:00:00

2010 Annual Report and Financial Statement

Annual report
2011-05-21 00:00:00
2011-05-12 00:00:00

2010 Annual Sustainability Report

Annual report
2011-05-12 00:00:00
2009-05-21 00:00:00

2008 Annual Report and Financial Statements

Annual report
2009-05-21 00:00:00 | Eletrobras
2009-05-18 00:00:00

2007 Annual Report and Financial Statements

Annual report
2009-05-18 00:00:00 | Eletrobras
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