edp announcement

Conclusion of sale by EDP Brasil of two mini-hydro plants in Mato Grosso do Sul

Friday, 29 January 2016

EDP – Energias do Brasil S.A. ("EDP Brasil"), 51% controlled by EDP, has completed the sale to Cachoeira Escura Energética S.A. of 100% of Pantanal Energética Ltda ("Pantanal").

Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") provides the following information to the market and general public:


Following the information released to the market on July 15th, 2015, EDP – Energias do Brasil S.A. ("EDP Brasil"), 51% controlled by EDP, has completed the sale to Cachoeira Escura Energética S.A. of 100% of Pantanal Energética Ltda ("Pantanal") for R$ 390 million., of which R$355 million paid at the current date, while the remaining R$35 million shall be paid until July 2017, upon the fulfilment of pending contractual obligations.


Pantanal holds an installed capacity of 51MW through two mini-hydro plants, UHE Assis Chateubriand (Mimoso) and PCH Paraiso I, with an installed capacity of 29MW and 22MW, respectively, and both located in the state of Mato Grosso do Sul.

 

EDP – Energias de Portugal, S.A.