en.Wedoany.com Reported - Gerdau announced the acquisition of a 23.03% stake in FFSA (Dona Francisca Energética S.A) held by Copel (Companhia Paranaense de Energia), thereby achieving full control of the hydropower plant located in Rio Grande do Sul. The transaction has an enterprise value of 150 million reais and is subject to precedent conditions and antitrust approval.

With this operation, combined with the acquisition of a 23.03% stake in Centrais Elétricas de Santa Catarina announced in April, the steelmaker will invest 300 million reais to fully control DFESA.

Gerdau previously held 53.94% of the generator's capital, corresponding to an average of 35.6 MW of electricity. Upon completion of the acquisition, the company will use the full 65.94 MW average guaranteed power from the hydropower plant for self-generation, increasing its own renewable generation capacity by 30.4 MW average power.

DFESA operates through a 85% stake in the consortium holding the concession for the Dona Francisca hydropower plant, located between the municipalities of Agudo and Nova Palma in Rio Grande do Sul. The plant has an installed capacity of 125 MW and a physical guarantee of 72.5 MW average power.

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