Eletrobras

Subsidiaries

Among Eletrobras' subsidiaries, there are generation, transmission and distribution companies.

Eletrobras Distribuição Acre (Eletroacre) is a Brazilian power company operating in state of Acre, in northern region of Brazil. It was founded on December 17, 1965 as a subsidiary of Eletrobras.^[2]

Eletronorte (Centrais Elétricas do Norte do Brasil S.A.) is responsible for the power generation, transmission and distribution in the states of Amazonas, Pará, Acre, Rondônia, Roraima, Amapá, Tocantins and Mato Grosso.

Eletropar S.A.

Type	Subsidiary
Industry	Private equity
Founded	1995
Headquarters	Rio de Janeiro, Brazil
Revenue	US$ 98.0 Million (2010)
Net income	US$ 13.6 Million (2010)
Total assets	US$ 152.4 Million (2011)
Number of employees	230
Website	www.eletrobraspar.com

Eletrobras Eletropar acts in participations of other energy companies.

• Eletronet - 49,27%^[3]
• CESP - 4,77%
• EMAE - Empresa Metropolitana de Águas e Energia - 1,42%
• AES Eletropaulo - 2,03%
• CPFL Energia - 1,15%
• CTEEP - 0,66%
• Energias de Portugal - 3,09%
• Itaipu Binacional - 50,00%

CHESF (Companhia Hidro-Elétrica do São Francisco; São Francisco's Hydroelectric Company) generates and transmits electric power from hydroelectric plants to all of the cities in northeast of Brazil. It owns 14 hydroelectric energy plants and 1 thermoelectric energy plant.^[4] Sinval Zaidan Gama was made CEO in January 2017.^[5]

The main source of energy is the São Francisco River.

Eletrobras CGTEE S.A.

Type	Subsidiary
Industry	Electricity
Founded	1997 (1997)
Headquarters	Porto Alegre, Brazil
Key people	Sereno Chaise (CEO)
Number of employees	700
Parent	Eletrobras
Website	www.cgtee.gov.br

Eletrobras CGTEE is a Brazilian power company created on July 11, 1997. It is active in the state of Rio Grande do Sul.^[6]

• Eletrobras Amazonas Energia
• Eletrobras Distribution Roraima
• Eletrobras Distribution Rondônia
• Eletrobras Distribution Piauí
• Eletrobras Distribution Alagoas
• Eletrobras Cepel
• Eletrobras Eletronuclear
• Eletrobras Eletrosul
• Eletrobras Furnas
• Itaipu Binacional

International activities

Eletrobras was authorized by Act 11.651, sanctioned on April 7, 2008, to operate abroad as an investor in the power sector, by means of consortiums and/or specific purposes companies; it may also have control on enterprises. In order to coordinate this operation, it was created the Superintendence of Operations Abroad, which will operate following the guidelines of its board of directors.

For this first period, the Superintendence of Operations Abroad has set forth the priorities as follows:

1) Interconnect new sources of energy in Latin America with the Brazilian power system; 2) Promote the energetic integration between Brazil and the countries of Latin America; and 3) Prospect opportunities for investment in power energy in other countries to benefit the Brazilian economy by generating new markets for the goods and services suppliers segment.

The Superintendence of Operations Abroad has been developing negotiations with several countries in Latin America and Africa:

• Angola and Namibia – Feasibility Studies of the AHE from Baynes, located in the Cunene River, in the border between the two countries;
• Argentina – AHE Binacional de Garabi;
• Costa Rica – Technical Cooperation Agreement under analysis;
• Nicaragua – Appraisal of AHEs from Boboke and Tumarim;
• Peru – Analysis of feasibility for use of 15 AHEs, totalizing 20,000 MW;
• Uruguay - New transmission lines expanding the already existing electric interconnection between the southern part of Brazil and Uruguay;
• Venezuela – Studies for interconnection with the purpose of having an electric interchange between the two countries.

With Bolivia, Colombia, China, Ecuador, El Salvador, Guinea Bissau, Guyana, Morocco and Nigeria the contacts are in their initial phase.