1 Followers USX:EBR-B - Centrais Eletricas Brasileiras SA Centrais Elétricas Brasileiras
Sector: Utilities, Industry: Renewable Electricity
Next Earnings: 8 May 2024
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USD 8.23    +0.203 (+2.53%)

19 Apr 2024


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General

CEO: Mr. Ivan de Souza Monteiro

IPO: 2014-09-22

Headquarters: US

Employees: 8,328

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Description

Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

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