There were 1,387 press releases posted in the last 24 hours and 401,038 in the last 365 days.

Decarbonization of the Generation Portfolio – Studies of Potential Divestment in UEGA

COMPANHIA PARANAENSE DE ENERGIA – COPEL (NYSE:ELP)

CURITIBA, PARANá, BRAZIL, November 4, 2022 /EINPresswire.com/ -- COPEL (“Company”), a company that generates, transmits, distributes and trades energy, informs its shareholders and the market in general that the Board of
Directors, at a meeting held on this date, approved the further study for a potential divestment of the equity interest of the Copel group in UEG Araucária S.A. “UEGA”.

UEGA is a company controlled by Copel, which owns, directly and indirectly, 81.2% of the total and voting capital stock (60.9% Copel GeT, 20.3% Copel Holding and 18.8% Petrobras) and operates the Araucária gas-fired thermoelectric plant, with 484.15 MW of installed capacity. The plant operates in the modality known as “merchant” 1 and is authorized, through Resolution 351/1999, to operate until December 22, 2029, subject to renewal.

The respective approval represents the decarbonization process of the Copel group´s generation portfolio and is in line with Copel´s Corporate Strategic Planning – Vision 2030, strengthening the pillars for the perpetuity and sustainable growth of the business.

The Company will keep the market informed of relevant developments related to the matter.

Relações com Investidores
COPEL
+ +55 41 3331-4011
ri@copel.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.