Cemig hydroelectric power plant wins proposal but does not like

The Santo Antônio Hydroelectric Plant (RO), a subsidiary of Cemig (Companhia Energetica de Minas Gerais), received the offer from the Chinese company State Power Investment Corporation Limited for a slice of 15% of the company. However, the proposal did not please and the negotiations were paralyzed, as reported by the Director of Finance of Cemig, Maurício Fernandes Leonardo Júnior.

The plant in Rondônia was included in the Deinvestment plan of the state-owned mining company to reduce debt. The partners of the hydroelectric plant with most of the shares are Furnas, Eletrobras (43%), and Odebrecht (18.25%). The other participations are under the control of Caixa FIP Amazonia Energia and SAAG Investimentos S.A., of Grupo Andrade Gutierrez.

72% high in the first quarter
The Companhia Energetica de Minas Gerais (CEMIG) disclosed a balance sheet, Thursday (16), which showed a profit of 71.6% in the 1st quarter of 2019, totaling a positive balance of R $797.2 million. The results achieved by state-owned mining are the result of energy sales and gains with hedge operations (protection against Price oscillation).

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