en.Wedoany.com Reported - The J&F Group has initiated the process to acquire six thermal power plants from the Bolognesi Group, with a total installed capacity of 1,115.03 MW. The deal was signed in March and is currently under review by Brazil's Administrative Council for Economic Defense (Cade), with the transaction amount yet to be disclosed.
The acquisition includes all shares of Borborema Energética (169.08 MW), Maracanaú Geradora de Energia (168 MW), Central Energética Palmeiras (175.56 MW), Termelétrica Pernambuco III (200.79 MW), and Termopower V and VI thermal power plants (200.8 MW each).
The Bolognesi Group stated in a declaration that the proposed transaction aligns with its business restructuring process, focusing on the renewable energy market. The group confirmed: "This transaction is part of the routine process of asset management and recovery, and also part of the company's strategy to reposition its asset portfolio in the clean energy generation sector. The company remains committed to developing its projects and expanding its presence in the power generation market."
Currently, the Bolognesi Group owns one hydroelectric power plant under construction, seven small hydroelectric plants in Rio Grande do Sul, and two wind farms in Rio Grande do Norte. This sale is intended to channel investments into new projects, including potential participation in small hydro and battery auctions, which could be integrated into the wind farms.
Regarding the status of each plant: UTE Borborema Energética, located in Campina Grande, Paraíba, had its commercial operation suspended by Aneel in April, with authorization valid until December 2042; UTE Maracanaú, in Maracanaú, Ceará, had its operation suspended in February, has no active contracts, and authorization until December 2042; Central Energética Palmeiras, in Palmeiras, Goiás, uses diesel generation, is not operational, and has authorization until September 2042; UTE Pernambuco III, in Igarassu, Pernambuco, is in commercial operation, with authorization until July 2044. The four aforementioned plants participated in the capacity reserve auction held in March but were not awarded. The Termopower V and VI thermal power plants are in the development phase and will use oil for generation.
The J&F Group operates in the electricity sector through Âmbar Energia. In the thermal power segment, the group owns plants in several states, including Uruguaiana (639.9 MW), Cuiabá (529.2 MW), Candiota (350 MW), Araucária (484.15 MW), Santa Cruz (500 MW), and 12 plants in the state of Amazonas (totaling 1,559.50 MW). The group also holds a stake in Eletronuclear, the company responsible for the Angra 1, Angra 2, and Angra 3 nuclear power plants (total authorized capacity of 3,340 MW), as well as an 826.78 MW thermal power plant located in Macaé, Rio de Janeiro state.
J&F's acquisition of the Distrito, Floresta, Monte Cristo Sucuba, and Monte Cristo thermal power plants in Roraima (authorized capacity of 305 MW) has already been approved by Cade, as these plants are part of its acquisition of the Roraima Energia distribution company.
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