Home Business Eletrobras signs conversion of thermoelectric power plant contracts purchased by Âmbar

Eletrobras signs conversion of thermoelectric power plant contracts purchased by Âmbar

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Amazonas Energia (Disclosure)

Eletrobras reported on Tuesday night that it signed the conversion of energy purchase and sale contracts (CCVEEs) into reserve energy contracts (CERs) for six thermoelectric plants in the North region that it is selling to Âmbar Energia, from the holding company from the J&F group.

The conversion of the contracts of these projects, which had their energy generation contracted with the distributor Amazonas Energia, was allowed by provisional measure 1,232, which defined a series of actions to enable an economic and financial recovery of the Amazonian distribution concessionaire.

READ MORE: Âmbar, from J&F, reformulates proposal to take over Amazonas Energia

Due to a court decision, Aneel was forced to approve, this week, the possibility of converting the contracts. MP 1,232 was not considered in Congress and expires this week.

With the conversion of the contracts, the energy generated by the Aparecida, Jaraqui, Tambaqui, Cristiano Rocha, Manauara and Ponta Negra thermoelectric plants will no longer be paid by the Amazonas distributor and will now be covered by the Reserve Energy Account (Coner), paid with charges charged to the electricity bill of all consumers in the country.

This measure aims to reduce overcontracting by the Amazonian distributor – a problem that worsens the company’s economic and financial situation -, but was criticized for allocating costs to energy consumers and also for making the private operation of selling these Eletrobras plants to the Amber, as previously the enterprises suffered from default in energy payments.

(By Letícia Fucuchima)

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