Summary of Proposed Investment
Project Number
24743
Company Name
Enel Brasil S/A.
Date SPI Disclosed
Mar 22, 2006
Country
Brazil
Industry
Infrastructure
Projected Board Date
Apr 27, 2006
Status
Completed
Sector
Electric Power Other (Including Holding Companies)
Department
Regional Industry INF LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Apr 27, 2006
Signed : Jun 27, 2006
Invested : Jul 6, 2006
Project Description
Endesa Brasil S.A. is a holding company that distributes, generates and trades electricity in Brazil through its subsidiaries. The Company was formed in 2005 from the Brazilian energy assets of the Endesa group, which has owned electricity assets in Brazil since 1995. Endesa Brasil’s distribution companies have 4.4 million customers, located in 240 municipalities with a total population of approximately 15.5 million people. Its generation assets have an installed capacity of 3,105 MW.
The Brazilian electricity market is poised for strong demand growth over the medium-term of about 5% annually while generation capacity is projected to grow at a slower pace. The funds from IFC’s investment will be used to increase generation capacity and also to expand loss reduction programs at the Company’s distribution subsidiaries and potential investments in renewable energy projects.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Adrian Becher
International Finance Corporation
2121 Pennsylvania Ave, NW
Washington, D.C. 20433
USA