en.Wedoany.com Reported - Axia Energia announced that it has completed the acquisition of equity in Juno Participações e Investimentos, thereby fully integrating the Três Irmãos Hydroelectric Plant (UHE) located in Andradina, São Paulo state. The acquired equity was previously held by Triunfo and Mercúrio.
The transaction closed after all conditions precedent were satisfied, involving a payment of R$256 million (updated and adjusted). Juno holds a 50.1% stake in Tijoá Energia, the company responsible for operating the hydroelectric plant.
The Três Irmãos Hydroelectric Plant has an installed capacity of 808 MW, generating revenue of R$328 million in 2025, with EBITDA of R$145 million and a cash position of R$39 million. The plant's concession operates under a quota system and is valid until 2044.
The company stated that the plant also has an existing civil structure capable of accommodating three additional generating units, providing conditions for future expansion.
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