Economy & Energy
Year III - No 13 March/April 1999
Main Page
The Structure of the Crisis
Privatization in the Energy
Area
Energy Equivalence Coefficients
Glossary of
Energy
e&e links
Following the Brazilian Economy:
Brazilian Public Debt
Internationl Reserves
Graphical Edition:
MAK
Editoração Eletrônica
marcos@rio-point.com
Revised:
Thursday, 10 July 2003.
Production: Brazilian Ministry of Mines and
Energy
Contacts: João Antônio Moreira Patusco
patusco@mme.gov.br
English Version: Frida Eidelman
frida@passwword.com.br
The energy sector is presently the most important program in the privatization program under progress by the Brazilian Government. Its participation in value is 1/3 of the total and it will increase in the years 1999 and 2000.
It is presented:
- Table of the privatization already made with the values obtained and the premium relative to the minimum price;
- Relative participation of the several sectors in the Brazilian privatization;
- Table with the agenda of the programmed privatization
PRIVATIZATION IMPLEMENTED IN THE ENERGY SECTOR.
Position on 28/02/99
| ENTERPRISES | DATE | % Ordinary Stock | Purchase Price |
Premium relative to the minimum price |
1995 |
||||
| ESCELSA | 11.07.95 |
97,27 |
357,92 |
11,8% |
1996 |
||||
| LIGHT | 21.05.96 |
50,44 |
2.697,94 |
0% |
| CERJ | 20.11.96 |
70,27 |
605,33 |
30,3% |
1997 |
||||
| COELBA | 31.07.97 |
71,14 |
1.730,89 |
77,4% |
| CACHOEIRA DOURADA (*) | 05.09.97 |
94,18 |
779,76 |
43,5% |
| AES Sul | 21.10.97 |
90,75 |
1.635,00 |
82,6% |
| RGE | 21.10.97 |
90,91 |
1.510,00 |
93,6% |
| CPFL | 05.11.97 |
57,60 |
3.014,91 |
70,1% |
| ENERSUL | 19.11.97 |
84,21 |
625,56 |
83,8% |
| CEMAT | 27.11.97 |
96,27 |
391,50 |
21,8% |
| ENERGIPE | 03.12.97 |
91,80 |
577,10 |
96,1% |
| COSERN | 12.12.97 |
80,20 |
676,40 |
73,6% |
1998 |
||||
| COELCE | 02.04.98 |
84,59 |
987,00 |
27,2% |
| ELETROPAULO Metropolitana | 15.04.98 |
74,88 |
2.026,73 |
0% |
| CELPA | 09.07.98 |
54,98 |
450,26 |
0% |
| ELEKTRO | 16.07.98 |
90’,00 |
1.479,00 |
98,9% |
| GERASUL | 15.09.98 |
50,01 |
945,70 |
0% |
| EBE- Bandeirante | 17.09.98 |
74,88 |
1.014,52 |
0% |
Eletrical Energy - Sub-total |
21.505,52 |
|||
GAS |
||||
1997 |
||||
| CEG | 14.07.97 |
56,40 |
464,20 |
85,7% |
| Rio Gás S/A | 14.07.97 |
75,00 |
157,90 |
49,4% |
Gas - Sub-total |
622,10 |
|||
| TOTAL | 22.127,62 |
Source: BNDES / ANEEL
SECTORIAL STRUCTURE OF THE PRIVATIZATION
Source: BNDES
PRIVATIZATION AGENDA OF THE ENERGY SECTOR
1999/2000
Company |
MW |
MWh |
DATE |
FEDERAL PROGRAM |
|||
| ELETRICAL ENERGY | |||
| Distributors | |||
| Cia. Energética de Alagoas - CEAL | 1760 |
2º Sem/99 |
|
| Cia. Energética do Piauí S/A – CEPISA | 1260 |
2º Sem/99 |
|
| Centrais Elétricas de Rondônia S/A – CERON | 1040 |
1º Sem/2000 |
|
| Centrais Elétricas do Estado do Acre - ELETROACRE | 320 |
1º Sem/2000 |
|
| Generators | |||
| Manaus Energia S/A | 2º Sem/99 |
||
| Centrais Elétricas S/A – FURNAS 1 | 5570 |
2º Sem/99 * |
|
| Centrais Elétricas S/A – FURNAS 2 | 4633 |
2º Sem/99 * |
|
| Cia. Hidrelétrica do São Francisco – CHESF 1 | 6420 |
2º Sem/99 * |
|
| Cia. Hidrelétrica do São Francisco – CHESF 2 | 4574 |
2º Sem/99 * |
|
| Cia. Hidrelétrica do São Francisco – CHESF 3 | 1500 |
Após a conclusão do assentamento Itaparica |
|
| Centrais Elétricas do Norte - ELETRONORTE ( Tucuruí) | 4356 |
2º Sem/99 * |
|
STATE PROGRAM |
|||
| ELETRICAL ENERGY | |||
| Distributors | |||
| Sociedade Anônima de Eletrificação da Paraíba - SAELPA | 1940 |
1º Sem/99 |
|
| Cia. Energética de Pernambuco – CELPE | 6940 |
2º Sem/99 |
|
| Cia. Energética do Maranhão – CEMAR | 2190 |
2º Sem/99 |
|
| Cia. Paranaense de Energia S/A – COPEL | 15125 |
A definir ** |
|
| Generators | |||
| Cia. de Geração do Tietê | 2653 |
16/06/99 |
|
| Cia. de Geração do Paranapanema | 2152 |
09/06/99 |
|
| Cia. de Geração do Paraná | 6218 |
26/05/99 |
|
| GAS DISTRIBUTION | |||
| COMGÁS | 14/04/99 |
(*) Item 27 of the agreement Brazil – IMF, signed on 03/08/99.
After being consulted, BNDES informs that due to the market up to three enterprises may be disposed of in 1999.
(**) The State Government is evaluating the preliminary contacts with BNDES
(***) It is foreseen the privatization of the federal transmission with criteria to be defined according to item 27 of the Brazil – IMF agreement.