Brazil’s National Bank for Economic and Social Development (BNDES) is supporting the investment plans of nine of Energisa Group’s energy distributors.
The focus of the plan is on improving services, expanding the distribution network and expanding the number of customers served in the ten states.
BNDES is providing financing of R$1.49 billion (US$278 million), of which R$965 million is direct and R$522 million in indirect form.
The project is expected to run over two years with the generation of over 7,000 jobs.
“In addition to providing clean and quality energy, mainly in remote regions of the country, Energisa has been consolidating itself as a complete energy company,” says Maurício Botelho, Energisa CFO.
“To this end, it plays a major role in the transition to a low carbon economy and a clean energy matrix, with a strong role in the sustainable development of the legal Amazon.”
The distributors receiving support are Ceron (state of Rondônia), Eletroacre (Acre), Energisa Mato Grosso (Mato Grosso), Energisa Mato Grosso do Sul (Mato Grosso do Sul), Energisa Minas Gerais (Minas Gerais), Energisa Paraíba (Paraíba), Energisa Sergipe (Sergipe), Energisa Sul-Sudeste (Minas Gerais, São Paulo and Paraná) and Energisa Tocantins (Tocantins).
The investment plans of the distributors mainly involve the acquisition of equipment and construction work with a view to modernising infrastructure and improving operations.
All of the investments are considered essential for economic development in the areas in which companies operate, in order to contribute to meeting the growing demand for energy.
The projects also seek to improve quality and minimise the technical and commercial losses of the distributors.
Energisa is Brazil’s fifth largest energy distribution company, serving around 20 million people in 862 municipalities. The Group’s other distributors are Energisa Borborema (state of São Paulo) and Energisa Nova Friburgo (Rio de Janeiro).