Conclusion of sale by EDP Brasil of 50% of 66.67% stake in São Manoel hydro plant
Following the information released to the market on February 7th 2014, signing of shareholders" agreements and the obtainment of the relevant regulatory approvals, EDP - Energias do Brasil S.A. ("EDP Brasil") has completed the sale of 50% of 66.67% stake in the company holding the rights to develop the São Manoel hydro power plant project, to CWEI (Brasil) Participações Ltda., a subsidiary of China Three Gorges.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:
Following the information released to the market on February 7th 2014, signing of shareholders" agreements and the obtainment of the relevant regulatory approvals, EDP - Energias do Brasil S.A. ("EDP Brasil") has completed the sale of 50% of 66.67% stake in the company holding the rights to develop the São Manoel hydro power plant project, to CWEI (Brasil) Participações Ltda. ("CWEI"), a subsidiary of China Three Gorges ("CTG").
CWEI becomes São Manoel's shareholder together with EDP Brasil and Companhia Furnas Centrais Elétricas S.A. ("Furnas"), with resulting ownerships of 33.334%, 33.333% and 33.333%, respectively, of São Manoel's social capital. Empresa de Energia São Manoel S.A. holds the construction and exploration concession of São Manoel hydro power plant, with installed capacity of 700MW, which is to be built on the frontier between Mato Grosso and Pará States, in Teles Pires River.
This transaction took place in accordance with the EDP/CTG strategic partnership established in December 2011 and that entered into force on May 2012.
EDP – Energias de Portugal, S.A.
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