Economy & Energy
Year III - No 13 March/April 1999

ollaoro.gif (978 bytes) Main Page
ollaoro.gif (978 bytes)The Structure of the Crisis
ollaoro.gif (978 bytes)Privatization in the Energy Area
ollaoro.gif (978 bytes)Energy Equivalence Coefficients
ollaoro.gif (978 bytes)Glossary of Energy
ollaoro.gif (978 bytes)e&e links
Following the Brazilian Economy:
ollaoro.gif (978 bytes)Brazilian Public Debt
ollaoro.gif (978 bytes)Internationl Reserves
Graphical Edition:
MAK
Editoração Eletrônic
a
marcos@rio-point.com
Revised:
Thursday, 10 July 2003.

http://ecen.com

PRIVATIZATION IN THE ENERGY SECTOR

Production: Brazilian Ministry of Mines and Energy 
Contacts: João Antônio Moreira Patusco
patusco@mme.gov.b
r
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:

  1. Table of the privatization already made with the values obtained and the premium relative to the minimum price;
  2. Relative participation of the several sectors in the Brazilian privatization;
  3. 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
in R$ millions

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

private.gif (9998 bytes)

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.