Portugal’s Energias do Brasil buys company with right to build power plant

12 April 2007

Sao Paulo, Brazil, 12 April – Portuguese-owned electricity company Energias do Brasil said Wednesday in Sao Paulo it had bought Diferencial Energia Empreendimentos e Participações, a company which has the right to build a power plant in the Brazilian state of Maranhão.

The coal-fired plant in the industrial district of Sao Luís, with a designed installed capacity of 350 megawatts, already has its environmental license and Energias do Brasil expects to invest a total of US$450 million building it.

With this acquisition, Energias do Brasil increases its focus on electricity production, in line with the growth policy announced when the company increased its capital.

The company also carries out several technical and financial feasibility studies for small hydro-electrical plants, with the aim of creating alternative investments in the strategic area of production.

Energias do Brazil is a holding company owned by Portugal’s EDP, which controls distribution companies, Bandeirante (Sao Paulo), Escelsa (Esprito Santo state) and Enersul (Mato Grosso do Sul), as well as generation companies, EDP Lajeado, Energesy and Enerpeixe, and sales company Enertrade. (macauhub)