Commencement of Group EDP operations in Brazil, with the acquisition of a minority stake in Cerj (currently Ampla).
Generation
Group EDP purchases 25% of the Luís Eduardo Magalhães (Lajeado) Hydroelectric Plant, in Tocantins, as its first investment in generation in Brazil.
Strengthening Portfolio
- Founding of EDP Brazil
- Commencement of construction on the Fafen thermoelectric power plant at the Camaçari petrochemical industrial park in partnership with Petrobras.
New Acquisitions
- Acquisition, at auction, of the concession to build the Peixe Angical Plant (TO), with a capacity of 452 MW.
- Reorganization of Bandeirante Energia, with the divestiture of CPFL from the company's capital stock, now exclusively controlled by EDP in Brazil.
Lajeado Hydroelectric Plant
Lajeado Hydroelectric Plant enters full operation, with a capacity of 902.5 MW.
Reorganization of Portfolio
- Resumption of construction on the Peixe Angical Plant, now with Furnas as a partner (40%) in Enerpeixe, with financing from BNDES and a pool of banks.
- As the first step in company restructuring, the then EDP Brazil takes direct control of Iven S.A. and, consequently, of Escelsa/Enersul.
Constant Development
- Start of Efficiency Program, a synergy project developed for the distributors.
- Start of second stage of company restructuring: preparation for the migration of distributors' minority shareholders.
- Sale of a stake in Fafen to Petrobras, as an effect of the absence of an effective regulatory environment for thermoelectric plants.
Expansion
- Launch of company's smiley logo, identical to that of the controlling shareholder in Portugal; name changed to EDP Brazil.
- End of the company's restructuring process.
- Deverticalization of assets, with the separation of generation and distribution businesses. Public offering of company shares on the São Paulo Stock Exchange (Bovespa) and capitalization of debts in dollars by EDP Escelsa, in an operation of almost R$ 1.2 billion, the largest of the year of this type.
Hydroelectric Plants
- Completion of construction of the Peixe Angical Hydroelectric Plant, in the state of Tocantins. The first generator comes on line in June. The third and last turbine comes on line in September, for a total of 472 MW of installed capacity.
- In October, the commercial operation of the forth turbine of the Mascarenhas Hydroelectric Plant, in the state of Espírito Santo, adding 50 MW of installed capacity.
- EDP Brazil shares are selected for inclusion in the BM&F Bovespa Sustainability Index.
Launches
- Inauguration of the São João Hydroelectric Plant, located in the city of Castelo, in the state of Espírito Santo
- Launch of Project "Letters of Light"
- EDP Energias no Brasil and Renováveis create subsidiary and agree to first wind power investment in Brazil.
- Group EDP Energias no Brasil signs a strategic partnership with Cemig to install 500 MW of capacity in Minas Gerais and Espírito Santo.
- EDP Energias no Brasil and MPX sign an agreement to expand the Porto do Pecém Thermoelectric Plant, located in the state of Ceará.
- EDP Energias no Brasil enters into a partnership with Turma do Bem, an NGO that, in conjunction with the Dentista do Bem program, brings together dental surgeons willing to offer free dental care to underprivileged public school children throughout Brazil.
- EDP Energias no Brasil has concluded an exchange of assets with the Grupo Rede to add 653 MW to its installed capacity. The distributor Enersul was exchanged for 73% of voting stock of Investco, the company that operates the Luiz Eduardo Magalhães Hydroelectric Plant (Lajeado), located on the Tocantins River.
- EDP started the migration process to the EDP brand by means of the “Vencer” Organizational Conversion Program, which is part of a movement to reinforce the EDP Group’s spirit and culture throughout the world.
- The EDP name will be highlighted on all of the Group’s companies in Brazil, in the course of a change intended to unite the group even more around a common vision and values.
- EDP started a cycle with emphasis on investments in Generation, on increased quality and efficiency in Distribution, and on the creation of added value in Marketing and Energy Management.
- EDP in Brazil will now have a new brand signature – “EDP, a good energy.”
- EDP held a forum attended by specialists in innovation and sustainability.
- EDP’s shares in Brazil appreciated maintaining the BM&F/Bovespa corporate sustainability index.
- The Group was awarded the A+ seal, the highest quality certification by the Global Reporting Initiative.
- EDP Escelsa and EDP Bandeirante achieved together a total of 21,313 GWh distributed, covering a population of 7.8 million people.
- Both companies invested over R$ 20 million in Energy Efficiency Projects, which benefited over 100 thousand low-income residential customers, charitable institutions, and public hospitals.
- In the state of Ceará, progress in the construction of the Pecém thermo plant; in the state of Espírtito Santo, inauguration of the Santa Fé plant; in the state of Tocantins, renewal of the license to operate Investco.
- EDP was awarded the environmental management ISO 14000 certification for the Enerpeixe power plant, and the São João and Paraíso small hydro plants.
- EDP continued to sponsor the theater, supporting and developing projects that train young actors, projecting films and videos for the needy population by means of Festival do Minuto and Vitória Cine Vídeo.
